Oakfield, New York Bank Lends Money to Commercial Printing Company in Syracuse, New York

Thinking about meeting with an Oakfield, New York bank about an SBA loan? Here's one New York business loan, issued by an Oakfield bank, that was approved by the SBA.

Applying for an SBA loan with M&t Bank, National Association worked out well for our friends at one local firm in Syracuse, New York. They received an SBA loan for $60,000. Nice!

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
SYRACUSE, NY 13204

SBA Loan Lender

M&T BANK, NATIONAL ASSOCIATION
48 MAIN ST
OAKFIELD, NY 14125

This was a Low Documentation SBA loan. The SBA started 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. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

Loan Approval Date

1/25/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

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 9 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like M&t Bank, National Association and they will explain how you can get an SBA loan for your company.

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:

Getting a Small Business Loan

Where to Get an SBA Loan in Oakfield, New York

New York SBA Banks