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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Oneonta, Business Loans > Wilber National Bank Oneonta Business Loans > Automotive Dealers Loan | ||||
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Where to Get Capital for Motor Vehicle DealersLooking for small business loans for motor vehicle dealers? The SBA may be the answer. This $100,000 motor vehicle dealers loan was issued by a New York bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wilber National Bank, out of Oneonta, New York. The loan was granted and they received $100,000 to help grow their Milford, New York business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE DEALERS SBA Loan Lender WILBER NATIONAL BANK This SBA 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. SIC Code 5599 - Automotive Dealers NAICS Code 441229 - Motor Vehicle Dealers Loan Approval Date 1/27/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Milford 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in Oneonta, New York
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