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December 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Le Roy, Business Loans > Five Star Bank Le Roy Business Loans > Rv Parks And Campgrounds Loan | ||||
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SBA Lender Le Roy
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Entrepreneur Works With Le Roy, New York Bank to Get an SBA LoanFind Le Roy, New York banks that specialize in small business loans and know how to work with entrepreneurs. Five Star Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Le Roy, New York starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Five Star Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: RV PARKS AND CAMPGROUNDS SBA Loan Lender FIVE STAR BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721211 - RV Parks and Campgrounds Loan Approval Date 5/21/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours 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: The Friends and Family Network Best Le Roy, New York Banks for Small Business
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