Commercial Loans for On-Line Information Services

Looking for commercial loans for on-line information services? The SBA may be the answer. This $400,000 on-line information services loan was issued by a New York bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Niagara Bank, out of Lockport, New York. The loan was granted and they received $400,000 to help grow their Lancaster, New York business.

SBA Loan Borrower

COMPANY TYPE: ON-LINE INFORMATION SERVICES
LANCASTER, NY 14086

SBA Loan Lender

FIRST NIAGARA BANK
5737 S TRANSIT RD
LOCKPORT, NY 14094

This SBA small business 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

514191 - On-Line Information Services

Loan Approval Date

7/13/2001

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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