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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Walton, Business Loans > National Bank - Delaware County Wal Walton Business Loans > Excavation Contractors Loan | ||||
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New York Bank SBA Loans
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Walton, New York Bank Gives SBA Loan to Excavation Contractors CompanyThinking about meeting with a Walton, New York bank about an SBA loan? Here's one New York business loan, issued by a Walton bank, that was approved by the SBA. Applying for an SBA loan with National Bank - Delaware County Wal worked out well for our friends at one local company in Davenport, New York. They received an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: EXCAVATION CONTRACTORS SBA Loan Lender NATIONAL BANK - DELAWARE COUNTY WAL This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235930 - Excavation Contractors Loan Approval Date 6/5/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Where to Get an SBA Loan in Walton, New York
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