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May 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Binghamton, Business Loans > Manufacturers & Traders Trust Binghamton Business Loans > Electrical Appliances, Television And Radio Sets Loan | ||||
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New York SBA Banks
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Binghamton, New York Bank Lends Money to Electrical Appliances, Television And Radio Sets Company in Endwell, New YorkFind Binghamton, New York banks that specialize in SBA loans and know how to work with entrepreneurs. Manufacturers & Traders Trust is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Endwell, New York starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Manufacturers & Traders Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: ELECTRICAL APPLIANCES, TELEVISION AND RADIO SETS SBA Loan Lender MANUFACTURERS & TRADERS TRUST This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5064 - Electrical Appliances, Television and Radio Sets NAICS Code 421620 - Electrical Appliance, Television, and Radio Set Wholesalers Loan Approval Date 3/27/2000 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $16,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Banks in Binghamton, New York
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