Holland, New York Business Gets SBA-Guaranteed Funding from Bank Of Holland

Bank Of Holland and the SBA work together to get business loans for growing small businesses. Here's an example of how a New York entrepreneur was able to get a loan to take a small business to the next level.

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

SBA Loan Borrower

COMPANY TYPE: NONCLAY REFRACTORY MANUFACTURING
HOLLAND, NY 14080

SBA Loan Lender

BANK OF HOLLAND
12 S MAIN ST
HOLLAND, NY 14080

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327125 - Nonclay Refractory Manufacturing

Loan Approval Date

9/1/2006

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, 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.

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