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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Castile, Business Loans > The Bank Of Castile Castile Business Loans > Landscaping Services Loan | ||||
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Banks in New York
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Business Loans for Landscaping ServicesLooking for business loans for landscaping services? Talk to a banker who works with the SBA. This $246,000 landscaping services loan was issued by a New York bank. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with The Bank Of Castile, out of Castile, New York. The loan was granted and they received $246,000 to help grow their Williamsville, New York business. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender THE BANK OF CASTILE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561730 - Landscaping Services Loan Approval Date 6/12/2002 Loan Approval Gross Amount $246,000 Loan Approval from the SBA Of the total $246,000 loan amount, the SBA guaranteed $123,000. 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. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 9 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Banking Deregulation's Effects on Entrepreneurship
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