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December 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Vestal, Business Loans > Nbt Bank, National Association Vestal Business Loans > Recreational And Vacation Camps Loan | ||||
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New York Small Business Funding
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Bank Loans for Recreational and Vacation CampsLooking for bank loans for recreational and vacation camps? The SBA may be the answer. This $179,500 recreational and vacation camps loan was issued by a New York bank. This company knew how to go about getting a business bank loan. Based in Johnson City, New York, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Nbt Bank, National Association, based in Vestal, New York. SBA Loan Borrower COMPANY TYPE: RECREATIONAL AND VACATION CAMPS SBA Loan Lender NBT BANK, NATIONAL ASSOCIATION The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721214 - Recreational and Vacation Camps Loan Approval Date 7/19/2005 Loan Approval Gross Amount $179,500 Loan Approval from the SBA Of the total $179,500 loan amount, the SBA guaranteed $134,625. 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 20 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
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