Entrepreneur Works With Rome, New York Bank to Get an SBA Loan

Thinking about meeting with a Rome, New York bank about an SBA loan? Here's one New York business loan, issued by a Rome bank, that was approved by the SBA.

Applying for an SBA loan with The Rome Savings Bank worked out well for our friends at one local company in Utica, New York. They received an SBA loan for $92,300. Sweet!

SBA Loan Borrower

COMPANY TYPE: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL, AND NAUTICAL SYSTEM
UTICA, NY 13438

SBA Loan Lender

THE ROME SAVINGS BANK
100 W DOMINICK ST
ROME, NY 13440

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

334511 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System

Loan Approval Date

11/6/2007

Loan Approval Gross Amount

$92,300

Loan Approval from the SBA

Of the total $92,300 loan amount, the SBA guaranteed $46,150.

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 only one employee. The SBA loan application for the borrower indicated that the borrowed money would help create 1 new job.

Getting an SBA Loan For Your Business

If you want money for new small business in Utica NY, you ought to talk with a local Utica SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Utica businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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