Steuben Trust SBA Loan to Food Stores Company

Looking to get a New York SBA loan? Here's one New York business loan that was approved by the SBA.

This small business needed an SBA business loan in Wellsville, New York back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Steuben Trust, operating out of Wellsville, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD STORES
WELLSVILLE, NY 14895

SBA Loan Lender

STEUBEN TRUST
475 N HIGHLAND AVE
WELLSVILLE, NY 14895

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

Loan Approval Date

6/1/2000

Loan Approval Gross Amount

$67,000

Loan Approval from the SBA

Of the total $67,000 loan amount, the SBA guaranteed $50,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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.

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