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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cortland, Business Loans > Alliance Bank Cortland Business Loans > Operators Of Nonresidental Buildings Loan | ||||
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Alliance Bank Small Business Loans
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SBA Loan from Alliance Bank Helps Operators Of Nonresidental Buildings CompanyAn SBA loan from Alliance Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Marathon, New York business owner got a $67,000 loan. This small firm knew how to go about getting a business bank loan. Based in Marathon, New York, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Alliance Bank, based in Cortland, New York. SBA Loan Borrower COMPANY TYPE: OPERATORS OF NONRESIDENTAL BUILDINGS SBA Loan Lender ALLIANCE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6512 - Operators of Nonresidental Buildings NAICS Code 531120 - Lessors of Nonresidential Buildings Loan Approval Date 10/7/2002 Loan Approval Gross Amount $67,000 Loan Approval from the SBA Of the total $67,000 loan amount, the SBA guaranteed $56,950. 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 documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $67,000. How would you spend $67,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: The Friends and Family Network Best Banks in Cortland, New York
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