Books Printing Loans

With these loans for books printing, the SBA guarantees the lender that the loan will be repaid. This books printing loan for $368,400 was given to a New York entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Troy, New York was able to borrow $368,400 from First Niagara Bank. The SBA made the loan possible by guaranteeing $276,300 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK PRINTING
TROY, NY 12180

SBA Loan Lender

FIRST NIAGARA BANK
1 HUDSON CITY CTR
HUDSON, NY 12354

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

2732 - Book Printing

NAICS Code

323117 - Books Printing

Loan Approval Date

9/27/2000

Loan Approval Gross Amount

$368,400

Loan Approval from the SBA

Of the total $368,400 loan amount, the SBA guaranteed $276,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 76 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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Where to Get an SBA Loan New York