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May 16, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Watertown, Business Loans > Watertown Savings Bank Watertown Business Loans > Retail Bakeries Loan | ||||
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Watertown Savings Bank SBA Loan Sackets Harbor, NY
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Business Loan from Watertown Savings Bank Given to Retail Bakeries CompanyWatertown Savings Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New York entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Sackets Harbor, New York, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Watertown Savings Bank, based in Watertown, New York. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender WATERTOWN SAVINGS BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311811 - Retail Bakeries Loan Approval Date 5/6/2004 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $12,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Sackets Harbor 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: Small Business Banks in Watertown, New York
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