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May 11, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Elmira, Business Loans > Chemung Canal Trust Company Elmira Business Loans > Retail Stores Loan | ||||
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I Need a Business Loan in Horseheads, New York
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How to Get a Loan for Pet and Pet Supplies StoresLooking for business loans for pet and pet supplies stores? An SBA loan may be just what you've been looking for. This $50,000 pet and pet supplies stores loan was issued by a New York bank. Getting a small business loan in Horseheads, New York was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Chemung Canal Trust Company, operating out of Elmira, New York. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender CHEMUNG CANAL TRUST COMPANY This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 453910 - Pet and Pet Supplies Stores Loan Approval Date 10/2/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 5 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA 7A Lenders in Elmira, New York
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