Manufacturers & Traders Trust Gives Small Business Loan to Specialty Trade Contractors Company
New YorkSmall business loans are available to New York small business owners through the SBA. In this case, a New York bank provides the loan.
You can learn something about getting a small business loan in Scotia, New York by studying this loan to a local company, made back in 2007. Banks like Manufacturers & Traders Trust may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
Scotia, NY 12302
SBA Loan Lender
MANUFACTURERS & TRADERS TRUST
ONE M & T PLAZA
BUFFALO, NY 14203
This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
238990 - Specialty Trade Contractors
Loan Approval Date
6/18/2007
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 24 employees. The loan application indicated that the loan would help retain 24 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Manufacturers & Traders Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Business Credit Evaluation
Best Banks in Buffalo, New York
Getting an SBA Loan in New York