SBA Loan from Nbt Bank, National Association Helps Trucking Company

An SBA loan from Nbt Bank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Berlin, New York business owner got a $116,760 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Berlin, New York was able to borrow $116,760 from Nbt Bank, National Association. The SBA made the loan possible by guaranteeing $87,570 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
NEW BERLIN, NY 13411

SBA Loan Lender

NBT BANK, NATIONAL ASSOCIATION
52 S BROAD ST
NORWICH, NY 13815

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

4213 - Trucking

Loan Approval Date

3/31/2000

Loan Approval Gross Amount

$116,760

Loan Approval from the SBA

Of the total $116,760 loan amount, the SBA guaranteed $87,570.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $116,760. How would you spend $116,760 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:

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SBA Participating Banks in Norwich, New York

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