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May 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Walton, Business Loans > National Bank - Delaware County Wal Walton Business Loans > Farm Supplies Loan | ||||
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How to Get an SBA Loan in Otego, New York
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Otego, New York Entrepreneur Gets a Bank LoanNew YorkBusiness loans are available to New York business owners through the SBA. In this case, a New York bank provides the loan. You can learn something about getting a small business loan in Otego, New York by studying this loan to a local business, made back in 2001. Banks like National Bank - Delaware County Wal may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES SBA Loan Lender NATIONAL BANK - DELAWARE COUNTY WAL This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5191 - Farm Supplies NAICS Code 422910 - Farm Supplies Wholesalers Loan Approval Date 6/19/2001 Loan Approval Gross Amount $435,000 Loan Approval from the SBA Of the total $435,000 loan amount, the SBA guaranteed $326,250. 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 10 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $435,000 loan. Remember, fight for what you want, and it will be yours! 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: Small Bank Loans in Walton, New York Find an SBA Lender in New York
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