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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Sayre, Business Loans > Citizens & Northern Bank Sayre Business Loans > Building Material Dealers Loan | ||||
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SBA Lenders in New York
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Small Business Loans for Building Material DealersLooking for small business loans for building material dealers? An SBA loan may be just what you've been looking for. This $105,000 building material dealers loan was issued by a Pennsylvania bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Citizens & Northern Bank, out of Sayre, Pennsylvania. The loan was granted and they received $105,000 to help grow their Waverly, New York business. SBA Loan Borrower COMPANY TYPE: BUILDING MATERIAL DEALERS SBA Loan Lender CITIZENS & NORTHERN BANK 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. NAICS Code 444190 - Building Material Dealers Loan Approval Date 9/7/2005 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. 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 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Business Banks in Sayre, Pennsylvania
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