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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Geneva, Business Loans > The Lyons National Bank Geneva Business Loans > Vending Machine Operators Loan | ||||
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New York SBA 7A Lenders
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Geneva, New York Bank Lends Money to Vending Machine Operators Company in Seneca Falls, New YorkThinking about meeting with a Geneva, New York bank about an SBA loan? Here's one New York business loan, issued by a Geneva bank, that was approved by the SBA. Applying for an SBA loan with The Lyons National Bank worked out well for our friends at one local business in Seneca Falls, New York. The business was able to get an SBA loan for $507,000. Way to go! SBA Loan Borrower COMPANY TYPE: VENDING MACHINE OPERATORS SBA Loan Lender THE LYONS NATIONAL BANK This business 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. NAICS Code 454210 - Vending Machine Operators Loan Approval Date 12/12/2001 Loan Approval Gross Amount $507,000 Loan Approval from the SBA Of the total $507,000 loan amount, the SBA guaranteed $380,250. 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 13 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Find an SBA Lender in Geneva, New York
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