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December 24, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Dunkirk, Business Loans > Community Bank Dunkirk Business Loans > Convenience Stores Loan | ||||
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Fredonia, New York Bank for SBA Loans
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Convenience Stores Business LoansWith these business loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $50,000 was given to a New York entrepreneur in 2004. This small business knew how to go about getting a business bank loan. Based in Fredonia, New York, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Community Bank, based in Dunkirk, New York. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender COMMUNITY BANK This lender issued this particular bank 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. NAICS Code 445120 - Convenience Stores Loan Approval Date 8/19/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 7A Banks in Dunkirk, New York
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