Where to Get Capital for Sporting and Athletic Goods Manufacturing

Looking for small business loans for sporting and athletic goods manufacturing? An SBA loan may be just what you've been looking for. This $116,500 sporting and athletic goods manufacturing loan was issued by a New York bank.

This company knew how to go about getting a business bank loan. Based in Middleburgh, New York, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of Richmondville, based in Richmondville, New York.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS
MIDDLEBURGH, NY 12122

SBA Loan Lender

BANK OF RICHMONDVILLE
284 MAIN ST
RICHMONDVILLE, NY 12149

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3949 - Sporting and Athletic Goods

NAICS Code

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

6/29/2004

Loan Approval Gross Amount

$116,500

Loan Approval from the SBA

Of the total $116,500 loan amount, the SBA guaranteed $99,025.

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

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

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Find an SBA Lender in Richmondville, New York

New York SBA 7A Lenders