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December 20, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Syracuse, Business Loans > Alliance Bank Syracuse Business Loans > Line-X Of Central Ny LLC Loan | ||||
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SBA Franchise Financing Lender Fabius New York
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Fabius, NY Entrepreneur Gets SBA Loan to Buy Line-X FranchiseNeed a loan to buy a Line-X franchise? Alliance Bank has a history of making these loans and they are guaranteed by the SBA. Line-X franchise loans are available to Fabius, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Alliance Bank, based in Syracuse, New York, issued an SBA franchise loan for a Line-X franchise in 2005. We've got all the details on this New York small business loan. SBA Loan Borrower LINE-X OF CENTRAL NY LLC SBA Loan Lender ALLIANCE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers Loan Approval Date 8/16/2005 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Line-X franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Fabius or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Syracuse, New York
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