Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

Business Loans for Fairport Entrepreneurs

 

 
Loan Census SBA Loan Info

Financing for Graphic Design Services

Looking for loans for graphic design services? The SBA may be the answer. This $14,000 graphic design services loan was issued by a New York bank.

Getting a small business loan in Fairport, New York was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Genesee Regional Bank, operating out of Rochester, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: GRAPHIC DESIGN SERVICES
FAIRPORT, NY 14450

SBA Loan Lender

GENESEE REGIONAL BANK
3380 MONROE AVE
ROCHESTER, NY 14618

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541430 - Graphic Design Services

Loan Approval Date

10/4/2006

Loan Approval Gross Amount

$14,000

Loan Approval from the SBA

Of the total $14,000 loan amount, the SBA guaranteed $7,000.

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 6 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Genesee Regional Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Genesee Regional Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

The Friends and Family Network

Banks in Rochester, New York

New York SBA Bank Lenders