Canandaigua National Bank & Trust Provides SBA Loan to Buy Street Corner News Franchise

Borrowing money to purchase a Street Corner News franchise? Canandaigua National Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Penfield, New York needed money to invest in a Street Corner News franchise back in 2004. Canandaigua National Bank & Trust issued an SBA franchise loan. Here are the details on this New York small business loan.

SBA Loan Borrower

STREET CORNER MARKET PLACE
PENFIELD, NY 14526

SBA Loan Lender

CANANDAIGUA NATIONAL BANK & TRUST
18 STATE ST
PITTSFORD, NY 14534

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

12/21/2004

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Street Corner News franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Penfield NY, you ought to talk with a local Penfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Penfield businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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