Get an SBA Loan for Air Purification Equipment Manufacturing

Looking for small business loans for air purification equipment manufacturing? An SBA loan may be just what you've been looking for. This $118,000 air purification equipment manufacturing loan was issued by a New York bank.

Getting a small business loan in Victor, New York was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Canandaigua National Bank & Trust, operating out of Canandaigua, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: AIR PURIFICATION EQUIPMENT MANUFACTURING
VICTOR, NY 14564

SBA Loan Lender

CANANDAIGUA NATIONAL BANK & TRUST
72 S MAIN ST
CANANDAIGUA, NY 14424

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333411 - Air Purification Equipment Manufacturing

Loan Approval Date

11/29/2004

Loan Approval Gross Amount

$118,000

Loan Approval from the SBA

Of the total $118,000 loan amount, the SBA guaranteed $88,500.

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 9 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Canandaigua National Bank & 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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Canandaigua, New York

SBA Lenders in New York