Loans for Manufacturing

Looking for loans for manufacturing? An SBA loan may be just what you've been looking for. This $48,250 manufacturing loan was issued by a New York bank.

Getting a small business loan in Platsburgh, New York was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Nbt Bank, National Association, operating out of Plattsburgh, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
PLATSBURGH, NY 12901

SBA Loan Lender

NBT BANK, NATIONAL ASSOCIATION
83 MARGARET ST
PLATTSBURGH, NY 12901

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

3999 - Manufacturing Industries

NAICS Code

339999 - Manufacturing

Loan Approval Date

8/6/2003

Loan Approval Gross Amount

$48,250

Loan Approval from the SBA

Of the total $48,250 loan amount, the SBA guaranteed $41,012.

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 only one employee. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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:

Alternative Financing

SBA 7A Banks in Plattsburgh, New York

New York SBA 7A Lenders