Clifton Springs, New York Bank Gives SBA Loan to Leather Goods Company

Get business loans from a Clifton Springs, New York bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Community Bank is a Clifton Springs, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company.

SBA Loan Borrower

COMPANY TYPE: LEATHER GOODS
STANLEY, NY 14561

SBA Loan Lender

COMMUNITY BANK
26 E MAIN ST
CLIFTON SPRINGS, NY 14432

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3199 - Leather Goods

NAICS Code

316999 - Leather Good and Allied Product Manufacturing

Loan Approval Date

11/14/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 only one employee. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Stanley NY, you ought to talk with a local Stanley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stanley businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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