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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Saratoga Springs, Business Loans > The Adirondack Trust Company Saratoga Springs Business Loans > Sawmills And Planing Mills, General Loan | ||||
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The Adirondack Trust Company Greenfield Center, New York
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The Adirondack Trust Company SBA Loan to Sawmills And Planing Mills, General CompanyAn SBA loan from The Adirondack Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Greenfield Center, New York business owner got a $80,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Greenfield Center, New York was able to borrow $80,000 from The Adirondack Trust Company. The SBA made the loan possible by guaranteeing $60,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: SAWMILLS AND PLANING MILLS, GENERAL SBA Loan Lender THE ADIRONDACK TRUST COMPANY This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2421 - Sawmills and Planing Mills, General Loan Approval Date 2/15/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you have been wondering how do i get money to start a business in Greenfield Center NY, you ought to talk with a local Greenfield Center SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greenfield Center businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Banks in Saratoga Springs, New York
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