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November 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Albany, Business Loans > State Empl Fcu Albany Business Loans > Piece Goods, Notions, And Dry Goods Wholesalers Loan | ||||
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State Empl Fcu Small Business Loans Jamesville, New York
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Jamesville, New York Business Gets SBA-Guaranteed Funding from State Empl FcuState Empl Fcu has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jamesville, New York was able to borrow $36,100 from State Empl Fcu. The SBA made the loan possible by guaranteeing $30,685 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: PIECE GOODS, NOTIONS, AND DRY GOODS WHOLESALERS SBA Loan Lender STATE EMPL FCU This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422310 - Piece Goods, Notions, and Dry Goods Wholesalers Loan Approval Date 10/15/2004 Loan Approval Gross Amount $36,100 Loan Approval from the SBA Of the total $36,100 loan amount, the SBA guaranteed $30,685. 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 3 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Realistic Debt Financing Options
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