How to Get a Loan for Leather Good and Allied Product Manufacturing

With these business loans for leather good and allied product manufacturing, the SBA guarantees the lender that the loan will be repaid. This leather good and allied product manufacturing loan for $150,000 was given to a New York entrepreneur in 2001.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Alliance Bank, out of North Syracuse, New York. The loan was granted and they received $150,000 to help grow their Syracuse, New York business.

SBA Loan Borrower

COMPANY TYPE: BOOT AND SHOE CUT STOCK AND FINDINGS
SYRACUSE, NY 13204

SBA Loan Lender

ALLIANCE BANK
700 N MAIN ST
NORTH SYRACUSE, NY 13212

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3131 - Boot and Shoe Cut Stock and Findings

NAICS Code

316999 - Leather Good and Allied Product Manufacturing

Loan Approval Date

8/16/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $150,000 loan. Remember, feel the fear, and do it anyway.

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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