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May 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Fulton, Business Loans > Fulton Savings Bank Fulton Business Loans > Eating Places Loan | ||||
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Banks Doing SBA Loans in New York
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Entrepreneur Works With Fulton, New York Bank to Get an SBA LoanA Fulton, New York business loan can be yours. Learn how one firm got a $116,250 business loan from this New York bank. This loan to a local firm is a good example of an SBA loan. Fulton Savings Bank made the loan and the SBA guaranteed a portion of the loan. Many other New York entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FULTON SAVINGS BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/23/2002 Loan Approval Gross Amount $116,250 Loan Approval from the SBA Of the total $116,250 loan amount, the SBA guaranteed $98,812. 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 11 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Getting an SBA Loan in New York
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