New York Business Loan Issued to Landscaping Services Company

New YorkBusiness loans are available to New York business owners through the SBA. In this case, a New York bank provides the loan.

Getting a small business loan in Richfield Springs, New York was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Nbt Bank, National Association. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
RICHFIELD SPRINGS, NY 13439

SBA Loan Lender

NBT BANK, NATIONAL ASSOCIATION
1 WALL ST
ONEONTA, NY 13820

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

10/16/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 2 employees. The loan application did not indicate that the SBA funding recipient 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, where there is a will, there is a way!

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:

Getting a Small Business Loan

SBA 7A Banks in Oneonta, New York

Where to Get an SBA Loan New York