Entrepreneur Works With Geneva, New York Bank to Get an SBA Loan

Want to talk with a Geneva, New York bank about an SBA loan? Here's one New York business loan, issued by a Geneva 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 business in Interlaken, New York. They received an SBA loan for $23,300. Way to go!

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
INTERLAKEN, NY 14847

SBA Loan Lender

FIVE STAR BANK
2 SENECA ST
GENEVA, NY 14456

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

12/26/2000

Loan Approval Gross Amount

$23,300

Loan Approval from the SBA

Of the total $23,300 loan amount, the SBA guaranteed $18,640.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Interlaken or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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