Get an SBA Loan for Ceramic Wall and Floor Tile Manufacturing

With these loans for ceramic wall and floor tile manufacturing, the SBA guarantees the lender that the loan will be repaid. This ceramic wall and floor tile manufacturing loan for $240,000 was given to a New York entrepreneur in 2004.

Getting a small business loan in Hornell, New York was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Steuben Trust, operating out of Hornell, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: CERAMIC WALL AND FLOOR TILE MANUFACTURING
HORNELL, NY 14843

SBA Loan Lender

STEUBEN TRUST
ONE STEUBEN SQ
HORNELL, NY 14843

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327122 - Ceramic Wall and Floor Tile Manufacturing

Loan Approval Date

3/19/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

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 40 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $240,000. How would you spend $240,000 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:

Strategic Investors

Small Business Banks in Hornell, New York

Getting an SBA Loan in New York