Florists Commercial Loans
With these commercial loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $15,000 was given to a New York entrepreneur in 2000.
This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Alliance Bank, out of Oswego, New York. The loan was granted and they received $15,000 to help grow their Syracuse, New York business.
SBA Loan Borrower
COMPANY TYPE: FLORISTS
SYRACUSE, NY 13202
SBA Loan Lender
ALLIANCE BANK
300 STATE RTE 104 EAST
OSWEGO, NY 13126
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
5992 - Florists
NAICS Code
453110 - Florists
Loan Approval Date
3/10/2000
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $12,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Understanding Dilution
SBA Participating Banks in Oswego, New York
SBA New York Lenders