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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Bath, Business Loans > Five Star Bank Bath Business Loans > Construction Sand And Gravel Loan | ||||
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Bath Bank Loan
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Bath, New York Lender Lends Money to Construction Sand And Gravel CompanyThinking about meeting with a Bath, New York bank about a small business loan? Here's one New York business loan, issued by a Bath bank, that was approved by the SBA. Applying for an SBA loan with Five Star Bank worked out well for our friends at one local company in Hun, New York. They received an SBA loan for $230,000. Nice! SBA Loan Borrower COMPANY TYPE: CONSTRUCTION SAND AND GRAVEL SBA Loan Lender FIVE STAR BANK 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 7A business 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. SIC Code 1442 - Construction Sand and Gravel NAICS Code 212321 - Construction Sand and Gravel Mining Loan Approval Date 7/7/2000 Loan Approval Gross Amount $230,000 Loan Approval from the SBA Of the total $230,000 loan amount, the SBA guaranteed $172,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you are raising money in Hun NY, you ought to talk with a local Hun SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hun businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Five Star Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Getting a Business Loan in New York
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