Bank Loans for Photography Studios, Portrait

Looking for bank loans for photography studios, portrait? An SBA loan may be just what you've been looking for. This $23,225 photography studios, portrait loan was issued by a New York bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Niagara Bank, out of Auburn, New York. The loan was granted and they received $23,225 to help grow their Lacona, New York business.

SBA Loan Borrower

COMPANY TYPE: PHOTOGRAPHIC STUDIOS, PORTRAIT
LACONA, NY 13083

SBA Loan Lender

FIRST NIAGARA BANK
115 GENESEE ST
AUBURN, NY 13021

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7221 - Photographic Studios, Portrait

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

6/6/2000

Loan Approval Gross Amount

$23,225

Loan Approval from the SBA

Of the total $23,225 loan amount, the SBA guaranteed $18,580.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds 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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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