Canisteo, New York Lender Lends Money to Business Credit Institutions Company

Get business loans from a Canisteo, New York bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

First State Bank is a Canisteo, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.

SBA Loan Borrower

COMPANY TYPE: BUSINESS CREDIT INSTITUTIONS
KENMORE, NY 14217

SBA Loan Lender

FIRST STATE BANK
3 MAIN ST
CANISTEO, NY 14823

This lender issued this particular SBA bank 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

6159 - Business Credit Institutions

NAICS Code

522298 - Nondepository Credit Intermediation

Loan Approval Date

5/21/2001

Loan Approval Gross Amount

$72,200

Loan Approval from the SBA

Of the total $72,200 loan amount, the SBA guaranteed $61,370.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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