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May 9, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Geneva, Business Loans > Five Star Bank Geneva Business Loans > Support Activities For Animal Production Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Where to Get Capital for Support Activities for Animal ProductionWith these small business loans for support activities for animal production, the SBA guarantees the lender that the loan will be repaid. This support activities for animal production loan for $175,000 was given to a New York entrepreneur in 2003. Getting a small business loan in Hilton, New York was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Five Star Bank, operating out of Geneva, New York. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR ANIMAL PRODUCTION SBA Loan Lender FIVE STAR BANK This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 115210 - Support Activities for Animal Production Loan Approval Date 5/21/2003 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Five Star Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Five Star Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Realistic Debt Financing Options Best Banks in Geneva, New York Getting a Business Loan in New York
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