Loans for Commercial Bakeries
Looking for loans for commercial bakeries? The SBA may be the answer. This $638,000 commercial bakeries loan was issued by a New York bank.
Getting a small business loan in Schenectady, New York was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from New York Business Devel Corp, operating out of Albany, New York. Here are the details on this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: BREAD, CAKE, AND RELATED BAKERY PRODUCTS
SCHENECTADY, NY 12305
SBA Loan Lender
NEW YORK BUSINESS DEVEL CORP
50 BEAVER STREET, P.O. BOX 73
ALBANY, NY 12201
This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2051 - Bread, Cake, and Related Bakery Products
NAICS Code
311812 - Commercial Bakeries
Loan Approval Date
8/29/2002
Loan Approval Gross Amount
$638,000
Loan Approval from the SBA
Of the total $638,000 loan amount, the SBA guaranteed $478,500.
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 16 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Financing Your Business
Small Business Banks in Albany, New York
Where to Get an SBA Loan New York