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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Scotia, Business Loans > First National Bank Of Scotia Scotia Business Loans > Eating Places Loan | ||||
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New York Small Business Funding
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Caterers Business LoansLooking for business loans for caterers? The SBA may be the answer. This $104,500 caterers loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Albany, New York was able to borrow $104,500 from First National Bank Of Scotia. The SBA made the loan possible by guaranteeing $88,825 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST NATIONAL BANK OF SCOTIA This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722320 - Caterers Loan Approval Date 2/17/2006 Loan Approval Gross Amount $104,500 Loan Approval from the SBA Of the total $104,500 loan amount, the SBA guaranteed $88,825. 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 50 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you 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 SBA loan was for $104,500. How would you spend $104,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: How Much Venture Capital Is There? Browse All Business Loan Sources for New York
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