Sheet Metal Work Manufacturing Small Business Loans

With these small business loans for sheet metal work manufacturing, the SBA guarantees the lender that the loan will be repaid. This sheet metal work manufacturing loan for $300,000 was given to a New York entrepreneur in 2000.

Getting a small business loan in Rochester, New York was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Canandaigua National Bank & Trust, operating out of Pittsford, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: SHEET METAL WORK
ROCHESTER, NY 14606

SBA Loan Lender

CANANDAIGUA NATIONAL BANK & TRUST
1150 PITTSFORD VICTOR RD
PITTSFORD, NY 14534

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3444 - Sheet Metal Work

NAICS Code

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

8/29/2000

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Canandaigua National Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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Small Bank Loans in Pittsford, New York

Getting an SBA Loan in New York