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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Saratoga Springs, Business Loans > The Adirondack Trust Company Saratoga Springs Business Loans > Drinking Places Loan | ||||
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Saratoga Springs Bank Loan
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Saratoga Springs, New York Lender Lends Money to Drinking Places CompanyThinking about meeting with a Saratoga Springs, New York bank about a small business loan? Here's one New York business loan, issued by a Saratoga Springs bank, that was approved by the SBA. Applying for an SBA loan with The Adirondack Trust Company worked out well for our friends at one local company in Saratoga Springs, New York. They got an SBA loan for $125,000. Nice! SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender THE ADIRONDACK TRUST COMPANY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722410 - Drinking Places Loan Approval Date 10/16/2003 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Saratoga Springs NY, you ought to talk with a local Saratoga Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Saratoga Springs businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA Participating Banks in Saratoga Springs, New York SBA Participating Banks in New York
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