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May 21, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Saratoga Springs, Business Loans > The Adirondack Trust Company Saratoga Springs Business Loans > Furniture Stores Loan | ||||
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Raising Money in Saratoga Springs, New York With SBA Loans
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Commercial Loans for Furniture StoresLooking for commercial loans for furniture stores? The SBA may be the answer. This $131,750 furniture stores loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saratoga Springs, New York was able to borrow $131,750 from The Adirondack Trust Company. The SBA made the loan possible by guaranteeing $111,987 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender THE ADIRONDACK TRUST COMPANY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5712 - Furniture Stores NAICS Code 442110 - Furniture Stores Loan Approval Date 10/3/2001 Loan Approval Gross Amount $131,750 Loan Approval from the SBA Of the total $131,750 loan amount, the SBA guaranteed $111,987. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $131,750. How would you spend $131,750 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Saratoga Springs, New York
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