Business Loans for Motor Vehicle Towing

Looking for business loans for motor vehicle towing? The SBA may be the answer. This $30,000 motor vehicle towing loan was issued by a New York bank.

This small business knew how to go about getting a business bank loan. Based in Yorkshire, New York, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Bank Of Castile, based in Castile, New York.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
YORKSHIRE, NY 14173

SBA Loan Lender

THE BANK OF CASTILE
50 N MAIN ST
CASTILE, NY 14427

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

488410 - Motor Vehicle Towing

Loan Approval Date

5/10/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Yorkshire NY, you ought to talk with a local Yorkshire SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Yorkshire businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Bank Of Castile so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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