Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

First Niagara Bank Syracuse, New York

 

 
Loan Census SBA Loan Info

Syracuse, New York Business Gets SBA-Guaranteed Funding from First Niagara Bank

An SBA loan from First Niagara Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Syracuse, New York business owner got a $76,082 loan.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Niagara Bank, out of Lockport, New York. The loan was granted and they received $76,082 to help grow their Syracuse, New York business.

SBA Loan Borrower

COMPANY TYPE: GROCERIES AND RELATED PRODUCTS
SYRACUSE, NY 13208

SBA Loan Lender

FIRST NIAGARA BANK
6950 S TRANSIT RD
LOCKPORT, NY 14094

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5149 - Groceries and Related Products

NAICS Code

422490 - Grocery and Related Products Wholesalers

Loan Approval Date

11/14/2003

Loan Approval Gross Amount

$76,082

Loan Approval from the SBA

Of the total $76,082 loan amount, the SBA guaranteed $64,670.

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 10 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

How Equity Dilution Works

Where to Get an SBA Loan in Lockport, New York

SBA Lenders in New York