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May 13, 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 > Used Merchandise Stores Loan | ||||
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New York Business Loan from The Lyons National Bank
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Geneva, New York Business Gets SBA-Guaranteed Funding from The Lyons National BankAn 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 Geneva, New York business owner got a $499,950 loan. This business knew how to go about getting a business bank loan. Based in Geneva, New York, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was The Lyons National Bank, based in Lyons, New York. SBA Loan Borrower COMPANY TYPE: USED MERCHANDISE STORES SBA Loan Lender THE LYONS NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453310 - Used Merchandise Stores Loan Approval Date 5/23/2005 Loan Approval Gross Amount $499,950 Loan Approval from the SBA Of the total $499,950 loan amount, the SBA guaranteed $374,963. 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. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in Geneva NY, you ought to talk with a local Geneva SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Geneva businesses. We can help you find the best banks for small businesses in Geneva or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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