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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Walton, Business Loans > National Bank - Delaware County Wal Walton Business Loans > Used Car Dealers Loan | ||||
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Banks in Walton, New York That Make SBA Loans
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Walton, New York Bank Gives SBA Loan to Used Car Dealers CompanyThinking about meeting with a Walton, New York bank about an SBA loan? Here's one New York business loan, issued by a Walton bank, that was approved by the SBA. Applying for an SBA loan with National Bank - Delaware County Wal worked out well for our friends at one local firm in Sidney, New York. They got an SBA loan for $300,000. Awesome! SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender NATIONAL BANK - DELAWARE COUNTY WAL The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 12/17/2007 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 a new business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National Bank - Delaware County Wal had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National Bank - Delaware County Wal made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Walton, New York
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