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May 14, 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 > Logging Loan | ||||
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Raising Money in Central Square, New York With SBA Loans
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Bank Loans for LoggingLooking for bank loans for logging? The SBA may be the answer. This $60,000 logging loan was issued by a New York bank. This company knew how to go about getting a business bank loan. Based in Central Square, New York, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Fulton Savings Bank, based in Fulton, New York. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender FULTON SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2411 - Logging NAICS Code 113310 - Logging Loan Approval Date 9/19/2003 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Fulton Savings Bank 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. Related Links: Advice on Getting a Small Business Loan Best Banks in Fulton, New York
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