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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Glenville, Business Loans > Trustco Bank Glenville Business Loans > Sports And Recreation Instruction Loan | ||||
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Glenville SBA Lenders
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Glenville, New York Lender Lends Money to Sports And Recreation Instruction CompanyWant to talk with a Glenville, New York bank about an SBA loan? Here's one New York business loan, issued by a Glenville bank, that was approved by the SBA. Applying for an SBA loan with Trustco Bank worked out well for our friends at one local business in Halfmoon, New York. They got an SBA loan for $42,500. Awesome! SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender TRUSTCO BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 4/23/2004 Loan Approval Gross Amount $42,500 Loan Approval from the SBA Of the total $42,500 loan amount, the SBA guaranteed $36,125. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Halfmoon 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: Best Banks for Small Business in Glenville, New York
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