SBA Loan from Jamestown Savings Bank D/b/a N Helps Toilet Preparation Manufacturing Company

An SBA loan from Jamestown Savings Bank D/b/a N typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Olean, New York business owner got a $400,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Olean, New York was able to borrow $400,000 from Jamestown Savings Bank D/b/a N. The SBA made the loan possible by guaranteeing $300,000 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: TOILET PREPARATION MANUFACTURING
OLEAN, NY 14760

SBA Loan Lender

JAMESTOWN SAVINGS BANK D/B/A N
311 E FAIRMOUNT AVE
LAKEWOOD, NY 14750

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA 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

325620 - Toilet Preparation Manufacturing

Loan Approval Date

7/30/2004

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Jamestown Savings Bank D/b/a N and they will explain how you can get an SBA loan for your company.

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.

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