Plattsburgh, New York Bank Gives SBA Loan to Dairy Products Stores Company

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

Applying for an SBA loan with Nbt Bank, National Association worked out well for our friends at one local company in Plattsburgh, New York. They got an SBA loan for $35,000. Great job!

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCTS STORES
PLATTSBURGH, 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

5451 - Dairy Products Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

4/5/2000

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $28,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Plattsburgh or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 Credit Cards

SBA 7A Banks in Plattsburgh, New York

Browse All Business Loan Sources for New York