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May 16, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Canandaigua, Business Loans > Canandaigua National Bank & Trust Canandaigua Business Loans > Metal Service Centers And Metal Merchant Wholesalers Loan | ||||
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Advice for Business Owners On Getting a Loan
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Metal Service Centers and Metal Merchant Wholesalers Business LoansLooking for business loans for metal service centers and metal merchant wholesalers? Try the SBA. This $600,000 metal service centers and metal merchant wholesalers loan was issued by a New York bank. This small business knew how to go about getting a business bank loan. Based in Rochester, New York, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Canandaigua National Bank & Trust, based in Canandaigua, New York. SBA Loan Borrower COMPANY TYPE: METAL SERVICE CENTERS AND METAL MERCHANT WHOLESALERS SBA Loan Lender CANANDAIGUA NATIONAL BANK & TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423510 - Metal Service Centers and Metal Merchant Wholesalers Loan Approval Date 7/16/2003 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 74 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Rochester 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: Banking Deregulation's Effects on Entrepreneurship Best Canandaigua, New York Banks for Small Business SBA Participating Banks in New York
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