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May 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > New Hartford, Business Loans > Nbt Bank, National Association New Hartford Business Loans > Drawing And Insulating Of Nonferrous Wire Loan | ||||
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Raising Money in Cortland, New York With SBA Loans
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Fabricated Wire Product Manufacturing LoansLooking for loans for fabricated wire product manufacturing? Try the SBA. This $162,000 fabricated wire product manufacturing loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cortland, New York was able to borrow $162,000 from Nbt Bank, National Association. The SBA made the loan possible by guaranteeing $121,500 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: DRAWING AND INSULATING OF NONFERROUS WIRE SBA Loan Lender NBT BANK, NATIONAL ASSOCIATION 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 commercial 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 3357 - Drawing and Insulating of Nonferrous Wire NAICS Code 332618 - Fabricated Wire Product Manufacturing Loan Approval Date 9/11/2000 Loan Approval Gross Amount $162,000 Loan Approval from the SBA Of the total $162,000 loan amount, the SBA guaranteed $121,500. 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 20 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $162,000. How would you spend $162,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Role of Business Plan When Raising Money Small Bank Loans in New Hartford, New York
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