Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Hector, New York Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Commercial Loans for Wineries

Looking for commercial loans for wineries? The SBA may be the answer. This $358,800 wineries loan was issued by a New York bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Visions Fcu, out of Endwell, New York. The loan was granted and they received $358,800 to help grow their Hector, New York business.

SBA Loan Borrower

COMPANY TYPE: WINERIES
HECTOR, NY 14841

SBA Loan Lender

VISIONS FCU
3301 COUNTRY CLUB RD
ENDWELL, NY 13760

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312130 - Wineries

Loan Approval Date

5/26/2004

Loan Approval Gross Amount

$358,800

Loan Approval from the SBA

Of the total $358,800 loan amount, the SBA guaranteed $269,100.

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 funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $358,800 loan. Remember, things become real when you believe you can achieve them!

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.

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