Loan Census Banking News and Information
November 22, 2024  
 
 
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Amherst, New York SBA Banks

 

 
Loan Census SBA Loan Info

Amherst, New York Bank Lends Money to Retail Nurseries, Lawn And Garden Supply Stores Company in Nedrow, New York

Get SBA loans from an Amherst, New York bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Manufacturers & Traders Trust is a Amherst, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.

SBA Loan Borrower

COMPANY TYPE: RETAIL NURSERIES, LAWN AND GARDEN SUPPLY STORES
NEDROW, NY 13120

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
4925 MAIN ST
AMHERST, NY 14226

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

5261 - Retail Nurseries, Lawn and Garden Supply Stores

NAICS Code

444210 - Outdoor Power Equipment Stores

Loan Approval Date

7/29/2003

Loan Approval Gross Amount

$64,300

Loan Approval from the SBA

Of the total $64,300 loan amount, the SBA guaranteed $54,655.

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 3 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Nedrow NY, you ought to talk with a local Nedrow SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nedrow businesses.

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:

Business Line of Credit

SBA Participating Banks in Amherst, New York

Getting a Business Loan in New York