Rouses Point, New York Entrepreneur Gets a Bank Loan

Business loans in New York are are few and far betweeen these days. We take a look at one New York business loan, provided by a New York bank, that was approved by the SBA.

You can learn something about getting a small business loan in Rouses Point, New York by studying this loan to a local business, made back in 2002. Banks like Champlain National Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
ROUSES POINT, NY 12979

SBA Loan Lender

CHAMPLAIN NATIONAL BANK
636 RTE 11
CHAMPLAIN, NY 12919

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

7/25/2002

Loan Approval Gross Amount

$368,100

Loan Approval from the SBA

Of the total $368,100 loan amount, the SBA guaranteed $276,075.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 40 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Rouses Point NY, you ought to talk with a local Rouses Point SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rouses Point businesses.

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:

Strategic Investors

SBA 7A Banks for Champlain, New York Loans

Getting an SBA Loan in New York