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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Oneida, Business Loans > The Oneida Savings Bank Oneida Business Loans > Eating Places Loan | ||||
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The Oneida Savings Bank Business Loans Chittenango, New York
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SBA Loan from The Oneida Savings Bank Helps Eating Places CompanyAn SBA loan from The Oneida Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Chittenango, New York business owner got a $195,000 loan. Getting a small business loan in Chittenango, New York was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from The Oneida Savings Bank, operating out of Oneida, New York. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender THE ONEIDA SAVINGS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. 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 10/31/2003 Loan Approval Gross Amount $195,000 Loan Approval from the SBA Of the total $195,000 loan amount, the SBA guaranteed $146,250. 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 5 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. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks for Small Business in Oneida, New York
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