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May 11, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Cobleskill, Business Loans > Bank Of Richmondville Cobleskill Business Loans > Beer And Ale Loan | ||||
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Banks Doing SBA Loans in New York
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Cobleskill, New York Bank Gives SBA Loan to Beer And Ale CompanyA Cobleskill, New York business loan can be yours. Learn how one firm got a $150,000 business loan from this New York bank. This loan to a local firm is a good example of an SBA loan. Bank Of Richmondville made the loan and the SBA guaranteed a portion of the loan. Many other New York entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BEER AND ALE SBA Loan Lender BANK OF RICHMONDVILLE 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. SIC Code 5181 - Beer and Ale NAICS Code 422810 - Beer and Ale Wholesalers Loan Approval Date 6/26/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Schoharie NY, you ought to talk with a local Schoharie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Schoharie businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Richmondville and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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