Business Loans for Lessors of Miniwarehouses and Self-Storage Units

Looking for business loans for lessors of miniwarehouses and self-storage units? Try the SBA. This $30,000 lessors of miniwarehouses and self-storage units loan was issued by a New York bank.

Getting a small business loan in Hornell, New York was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Five Star Bank, operating out of Bath, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL WAREHOUSING AND STORAGE
HORNELL, NY 14843

SBA Loan Lender

FIVE STAR BANK
44 LIBERTY ST
BATH, NY 14810

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4225 - General Warehousing and Storage

NAICS Code

531130 - Lessors of Miniwarehouses and Self-Storage Units

Loan Approval Date

5/17/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Five Star Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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