SBA Loan from Alliance Bank Helps Operators Of Nonresidental Buildings Company

An SBA loan from Alliance Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Marathon, New York business owner got a $67,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Marathon, New York, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Alliance Bank, based in Cortland, New York.

SBA Loan Borrower

COMPANY TYPE: OPERATORS OF NONRESIDENTAL BUILDINGS
MARATHON, NY 13803

SBA Loan Lender

ALLIANCE BANK
65 MAIN ST
CORTLAND, NY 13045

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.

SIC Code

6512 - Operators of Nonresidental Buildings

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

10/7/2002

Loan Approval Gross Amount

$67,000

Loan Approval from the SBA

Of the total $67,000 loan amount, the SBA guaranteed $56,950.

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 only one employee. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $67,000. How would you spend $67,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 Banks in Cortland, New York

New York SBA 7A Banks