Loan Census Banking News and Information
May 16, 2024  
 
 
  Business Loan Information  
 

Watertown Savings Bank Small Business Loan

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Die-Cut Paper and Paperboard Office Supplies Manufacturing

With these business loans for die-cut paper and paperboard office supplies manufacturing, the SBA guarantees the lender that the loan will be repaid. This die-cut paper and paperboard office supplies manufacturing loan for $145,000 was given to a New York entrepreneur in 2002.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Watertown Savings Bank, out of Watertown, New York. The loan was granted and they received $145,000 to help grow their Theresa, New York business.

SBA Loan Borrower

COMPANY TYPE: DIE-CUT PAPER AND PAPERBOARD AND CARDBOARD
THERESA, NY 13619

SBA Loan Lender

WATERTOWN SAVINGS BANK
111 CLINTON ST
WATERTOWN, NY 13601

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2675 - Die-Cut Paper and Paperboard and Cardboard

NAICS Code

322231 - Die-Cut Paper and Paperboard Office Supplies Manufacturing

Loan Approval Date

4/1/2002

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Family and Friend Investors - Your First Financiers

SBA 7A Lenders in Watertown, New York

Getting a Business Loan in New York