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May 12, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Lyons, Business Loans > The Lyons National Bank Lyons Business Loans > Flowers, Nursery Stock, And Florists Supplies Loan | ||||
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NY Business Loan from The Lyons National Bank
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Business Loan from The Lyons National Bank Given to Flowers, Nursery Stock, And Florists Supplies CompanyAn SBA loan from The Lyons National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clyde, New York business owner got a $75,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clyde, New York was able to borrow $75,000 from The Lyons National Bank. The SBA made the loan possible by guaranteeing $60,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: FLOWERS, NURSERY STOCK, AND FLORISTS SUPPLIES SBA Loan Lender THE LYONS NATIONAL BANK This lender issued this particular SBA 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 5193 - Flowers, Nursery Stock, and Florists Supplies Loan Approval Date 1/27/2000 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in 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 small business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you want money for new small business in Clyde NY, you ought to talk with a local Clyde SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clyde businesses. We've showcased information on this loan to let you know that businesses like yours 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: Best Banks for Small Business in Lyons, New York
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