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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Owego, Business Loans > Tioga State Bank Owego Business Loans > Bus And Motor Vehicle Transit Systems Loan | ||||
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We Needed a Commercial Loan in Johnson City, New York and We Got One!
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Bus and Motor Vehicle Transit Systems Bank LoansWith these bank loans for bus and motor vehicle transit systems, the SBA guarantees the lender that the loan will be repaid. This bus and motor vehicle transit systems loan for $265,000 was given to a New York entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Johnson City, New York was able to borrow $265,000 from Tioga State Bank. The SBA made the loan possible by guaranteeing $198,750 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: BUS AND MOTOR VEHICLE TRANSIT SYSTEMS SBA Loan Lender TIOGA STATE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485113 - Bus and Motor Vehicle Transit Systems Loan Approval Date 5/10/2004 Loan Approval Gross Amount $265,000 Loan Approval from the SBA Of the total $265,000 loan amount, the SBA guaranteed $198,750. 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 30 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees 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. This SBA loan was for $265,000. How would you spend $265,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Advice on Getting a Small Business Loan Small Bank Loans in Owego, New York
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