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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Endicott, Business Loans > Visions Fcu Endicott Business Loans > Testing Laboratories Loan | ||||
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Banks Doing SBA Loans in New York
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Endicott, New York Bank Lends Money to Testing Laboratories Company in Nedrow, New YorkAn Endicott, New York SBA loan can be yours. Learn how a business got a $137,500 business loan from this New York bank. This loan to an entrepreneur is a good example of an SBA loan. Visions Fcu made the loan and the SBA guaranteed a portion of the loan. Many other New York entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender VISIONS FCU The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541380 - Testing Laboratories Loan Approval Date 11/19/2007 Loan Approval Gross Amount $137,500 Loan Approval from the SBA Of the total $137,500 loan amount, the SBA guaranteed $116,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help create 2 new jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Visions Fcu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Visions Fcu made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Borrowing Money from Friends and Family Best Endicott, New York Banks for Small Business
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