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May 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Endicott, Business Loans > Visions Fcu Endicott Business Loans > Car Washes Loan | ||||
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Endicott Bank Loan
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Entrepreneur Works With Endicott, New York Bank to Get an SBA LoanWant to talk with an Endicott, New York bank about a small business loan? Here's one New York business loan, issued by an Endicott bank, that was approved by the SBA. Applying for an SBA loan with Visions Fcu worked out well for our friends at one local firm in Apalachin, New York. The business was able to get an SBA loan for $396,000. Great job! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender VISIONS FCU This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 12/5/2005 Loan Approval Gross Amount $396,000 Loan Approval from the SBA Of the total $396,000 loan amount, the SBA guaranteed $297,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees. 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: SBA Participating Banks in Endicott, New York
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