Raising Money for Florists

With these business loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $129,200 was given to a New York entrepreneur in 2005.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Upstate National Bank, out of Rochester, New York. The loan was granted and they received $129,200 to help grow their Henrietta, New York business.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
HENRIETTA, NY 14467

SBA Loan Lender

THE UPSTATE NATIONAL BANK
ONE W MAIN ST
ROCHESTER, NY 14614

This lender issued this particular commercial 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

453110 - Florists

Loan Approval Date

5/19/2005

Loan Approval Gross Amount

$129,200

Loan Approval from the SBA

Of the total $129,200 loan amount, the SBA guaranteed $109,820.

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 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $129,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Business Line of Credit

Small Bank Loans in Rochester, New York

Getting an SBA Loan in New York