Business Loans for Plumbing and Heating Equipment and Supplies Wholesalers

With these business loans for plumbing and heating equipment and supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This plumbing and heating equipment and supplies wholesalers loan for $150,000 was given to a New York entrepreneur in 2003.

Getting a small business loan in Elmira, New York was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Five Star Bank, operating out of Hammondsport, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING AND HYDRONIC HEATING SUPPLIES
ELMIRA, NY 14901

SBA Loan Lender

FIVE STAR BANK
25 SHEATHER
HAMMONDSPORT, NY 14840

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5074 - Plumbing and Hydronic Heating Supplies

NAICS Code

421720 - Plumbing and Heating Equipment and Supplies Wholesalers

Loan Approval Date

9/19/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Debt Financing

Small Business Banks in Hammondsport, New York

New York SBA Bank Lenders