Norwich, New York Lender Lends Money to Full-Service Restaurants Company
Want to talk with a Norwich, New York bank about a small business loan? Here's one New York business loan, issued by a Norwich bank, that was approved by the SBA.
Applying for an SBA loan with Nbt Bank, National Association worked out well for our friends at one local company in Willsboro, New York. The business was able to get an SBA loan for $100,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
WILLSBORO, NY 12996
SBA Loan Lender
NBT BANK, NATIONAL ASSOCIATION
52 S BROAD ST
NORWICH, NY 13815
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
6/26/2007
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
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 12 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Willsboro or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Raising VC Money for Social Networking Companies
SBA 7A Lenders in Norwich, New York
SBA Lenders in New York