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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Amherst, Business Loans > Manufacturers & Traders Trust Amherst Business Loans > Durable Goods Merchant Wholesalers Loan | ||||
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Randallstown, Maryland Bank Loan
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Getting an SBA Loan for Durable Goods Merchant WholesalersLooking for commercial loans for durable goods merchant wholesalers? Try the SBA. This $125,000 durable goods merchant wholesalers loan was issued by a New York bank. This business knew how to go about getting a business bank loan. Based in Randallstown, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Manufacturers & Traders Trust, based in Amherst, New York. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender MANUFACTURERS & TRADERS TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 423990 - Durable Goods Merchant Wholesalers Loan Approval Date 11/21/2003 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Where to Get an SBA Loan in Amherst, New York
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