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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 > Full-Service Restaurants Loan | ||||
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SBA Lenders New York
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Entrepreneur Works With Saratoga Springs, New York Bank to Get an SBA LoanWant to talk 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 firm in Saratoga Springs, New York. The business was able to get an SBA loan for $59,333. Nice! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender THE ADIRONDACK TRUST COMPANY The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 722110 - Full-Service Restaurants Loan Approval Date 1/6/2006 Loan Approval Gross Amount $59,333 Loan Approval from the SBA Of the total $59,333 loan amount, the SBA guaranteed $29,666. 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 13 employees. This SBA loan request indicated that the loan would help generate 19 new jobs and retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money 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 $59,333 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: Obtaining Funding - Getting Venture Capital Find an SBA Lender in Saratoga Springs, New York Browse All Business Loan Sources for New York
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