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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Bath, Business Loans > Five Star Bank Bath Business Loans > Recreational Vehicle Parks And Campsites Loan | ||||
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Reading Center, New York Bank Loan
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Getting an SBA Loan for RV Parks and CampgroundsLooking for business loans for rv parks and campgrounds? Talk to a banker who works with the SBA. This $286,800 rv parks and campgrounds loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Reading Center, New York was able to borrow $286,800 from Five Star Bank. The SBA made the loan possible by guaranteeing $192,600 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: RECREATIONAL VEHICLE PARKS AND CAMPSITES SBA Loan Lender FIVE STAR BANK This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7033 - Recreational Vehicle Parks and Campsites NAICS Code 721211 - RV Parks and Campgrounds Loan Approval Date 3/24/2000 Loan Approval Gross Amount $286,800 Loan Approval from the SBA Of the total $286,800 loan amount, the SBA guaranteed $192,600. 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: Obtaining Funding - How to Borrow Money Best Banks for Small Business in Bath, New York
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