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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Clifton Springs, Business Loans > Community Bank Clifton Springs Business Loans > Industrial Supplies Loan | ||||
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SBA Lenders for Ontario Entrepreneurs
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Company Gets a New York Small Business LoanSBA loans in New York are hard to find these days. We take a look at one New York SBA loan, provided by a New York bank, that was approved by the SBA. You can learn something about getting a small business loan in Ontario, New York by studying this loan to a local business, made back in 2001. Banks like Community Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES SBA Loan Lender COMMUNITY BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5085 - Industrial Supplies NAICS Code 421830 - Industrial Machinery and Equipment Wholesalers Loan Approval Date 1/23/2001 Loan Approval Gross Amount $90,165 Loan Approval from the SBA Of the total $90,165 loan amount, the SBA guaranteed $72,132. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application 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 Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $90,165 loan. Remember, if it to be, it is up to me! 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: Banking Deregulation's Effects on Entrepreneurship Small Bank Loans in Clifton Springs, New York SBA Participating Banks in New York
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