Rochester, New York Business Gets SBA-Guaranteed Funding from The Bank Of Castile
The Bank Of Castile has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them.
Getting a small business loan in Rochester, New York was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Castile, operating out of Castile, New York. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
ROCHESTER, NY 14624
SBA Loan Lender
THE BANK OF CASTILE
50 N MAIN ST
CASTILE, NY 14427
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
9/7/2007
Loan Approval Gross Amount
$139,500
Loan Approval from the SBA
Of the total $139,500 loan amount, the SBA guaranteed $69,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 11 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 11 existing jobs.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Direct Public Offerings
SBA Participating Banks in Castile, New York
New York SBA 7A Banks