Rochester, New York Bank Gives SBA Loan to Women's Clothing Stores Company

Thinking about meeting with a Rochester, New York bank about a small business loan? Here's one New York business loan, issued by a Rochester bank, that was approved by the SBA.

Applying for an SBA loan with Genesee Regional Bank worked out well for our friends at one local firm in Pittsford, New York. The business was able to get an SBA loan for $2,000. Great job!

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
PITTSFORD, NY 14534

SBA Loan Lender

GENESEE REGIONAL BANK
3380 MONROE AVE
ROCHESTER, NY 14618

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

1/9/2007

Loan Approval Gross Amount

$2,000

Loan Approval from the SBA

Of the total $2,000 loan amount, the SBA guaranteed $1,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Small Business Loan

SBA Banks in Rochester, New York

Getting an SBA Loan in New York