Pleasant Valley, New York Business Gets SBA-Guaranteed Funding from Rhinebeck Savings Bank

An SBA loan from Rhinebeck Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pleasant Valley, New York business owner got a $80,000 loan.

Getting a small business loan in Pleasant Valley, New York was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Rhinebeck Savings Bank, operating out of Rhinebeck, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
PLEASANT VALLEY, NY 12569

SBA Loan Lender

RHINEBECK SAVINGS BANK
6414 MONTGOMERY ST
RHINEBECK, NY 12572

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

812112 - Beauty Salons

Loan Approval Date

10/28/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $40,000.

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 indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $80,000. How would you spend $80,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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