Boat Dealers Commercial Loans

With these commercial loans for boat dealers, the SBA guarantees the lender that the loan will be repaid. This boat dealers loan for $250,000 was given to a New York entrepreneur in 2007.

Getting a small business loan in Lake George, New York was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Ballston Spa National Bank, operating out of Ballston Spa, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
LAKE GEORGE, NY 12845

SBA Loan Lender

BALLSTON SPA NATIONAL BANK
87 FRONT ST
BALLSTON SPA, NY 12020

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

441222 - Boat Dealers

Loan Approval Date

6/13/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 31 employees. The SBA loan application for the borrower indicated that the loan would help retain 31 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Lake George NY, you ought to talk with a local Lake George SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lake George businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Attracting Investors

SBA Participating Banks in Ballston Spa, New York

SBA New York Lenders