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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Vestal, Business Loans > Tioga State Bank Vestal Business Loans > Ceramic Wall And Floor Tile Manufacturing Loan | ||||
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SBA 7A Banks for Vestal Businesses
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Vestal, New York Entrepreneur Gets an SBA LoanNew YorkBank loans are available to New York firms through the SBA. In this case, a New York bank provides the loan. By giving the right information to Tioga State Bank, this Vestal, New York business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CERAMIC WALL AND FLOOR TILE MANUFACTURING SBA Loan Lender TIOGA STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327122 - Ceramic Wall and Floor Tile Manufacturing Loan Approval Date 3/31/2004 Loan Approval Gross Amount $333,000 Loan Approval from the SBA Of the total $333,000 loan amount, the SBA guaranteed $249,750. 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 documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Vestal or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Vestal, New York
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