Business Loan from Steuben Trust Given to Painting And Paper Hanging Company

An SBA loan from Steuben Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hornell, New York business owner got a $200,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hornell, New York was able to borrow $200,000 from Steuben Trust. The SBA made the loan possible by guaranteeing $150,000 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND PAPER HANGING
HORNELL, NY 14843

SBA Loan Lender

STEUBEN TRUST
ONE STEUBEN SQ
HORNELL, NY 14843

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1721 - Painting and Paper Hanging

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

2/27/2001

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 5 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Hornell NY, you ought to talk with a local Hornell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hornell businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

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