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May 9, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Perry, Business Loans > The Bank Of Castile Perry Business Loans > Durable Goods Merchant Wholesalers Loan | ||||
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How to Get SBA Loans in East Rochester, New York
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Borrowing Money for Durable Goods Merchant WholesalersLooking for small business loans for durable goods merchant wholesalers? Talk to a banker who works with the SBA. This $450,000 durable goods merchant wholesalers loan was issued by a New York bank. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with The Bank Of Castile, out of Perry, New York. The loan was granted and they received $450,000 to help grow their East Rochester, New York business. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender THE BANK OF CASTILE This lender issued this loan for a small business under the SBA's 7A loan, 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 423990 - Durable Goods Merchant Wholesalers Loan Approval Date 11/21/2007 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $337,500. 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 24 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 22 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you want money for new small business in East Rochester NY, you ought to talk with a local East Rochester SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Rochester 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 Perry, New York Banks for Small Business
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