Firm Gets a New York SBA Loan
Searching for a New York small business loan? This New York entrepreneur got a small business loan, provided by a New York bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Tonawanda, New York by studying this loan to a local company, made back in 2000. Banks like Ups Capital Business Credit may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: DRUGS, DRUG PROPRIETARIES, AND DRUGGISTS' SUNDRIES
TONAWANDA, NY 14223
SBA Loan Lender
UPS CAPITAL BUSINESS CREDIT
710 BAUSCH & LOMB PLACE
ROCHESTER, NY 14604
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5122 - Drugs, Drug Proprietaries, and Druggists' Sundries
NAICS Code
422210 - Drugs and Druggists' Sundries Wholesalers
Loan Approval Date
9/11/2000
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $112,500.
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 28 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Ups Capital Business Credit so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Advice on Getting a Small Business Loan
SBA Participating Banks in Rochester, New York
Find an SBA Lender in New York