Community Bank SBA Loan to Computer Related Services Company

Looking to get a New York SBA loan? Here's one New York business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Randolph, New York, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Community Bank, based in Canton, New York.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
RANDOLPH, NY 14772

SBA Loan Lender

COMMUNITY BANK
45-49 COURT ST
CANTON, NY 13617

The lender provided this business 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.

SIC Code

7379 - Computer Related Services

Loan Approval Date

6/29/2000

Loan Approval Gross Amount

$85,600

Loan Approval from the SBA

Of the total $85,600 loan amount, the SBA guaranteed $42,800.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $85,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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