How to Get a Loan for Educational Support Services

Looking for business loans for educational support services? An SBA loan may be just what you've been looking for. This $30,535 educational support services loan was issued by a New York bank.

This small business knew how to go about getting a business bank loan. Based in Watertown, New York, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Watertown Savings Bank, based in Watertown, New York.

SBA Loan Borrower

COMPANY TYPE: BUSINESS CONSULTING SERVICES
WATERTOWN, NY 13601

SBA Loan Lender

WATERTOWN SAVINGS BANK
111 CLINTON ST
WATERTOWN, NY 13601

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8748 - Business Consulting Services

NAICS Code

611710 - Educational Support Services

Loan Approval Date

6/20/2003

Loan Approval Gross Amount

$30,535

Loan Approval from the SBA

Of the total $30,535 loan amount, the SBA guaranteed $25,954.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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

Equity Financing

Where to Get an SBA Loan in Watertown, New York

New York SBA Bank Lenders