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May 11, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Norwich, Business Loans > Nbt Bank, National Association Norwich Business Loans > Fabricated Structural Metal Loan | ||||
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New York SBA Lenders
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Entrepreneur Works With Norwich, New York Bank to Get an SBA LoanWant to talk with a Norwich, New York bank about an SBA loan? Here's one New York business loan, issued by a Norwich bank, that was approved by the SBA. Applying for an SBA loan with Nbt Bank, National Association worked out well for our friends at one local firm in Utica, New York. The business was able to get an SBA loan for $125,000. Great job! SBA Loan Borrower COMPANY TYPE: FABRICATED STRUCTURAL METAL SBA Loan Lender NBT BANK, NATIONAL ASSOCIATION 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 3441 - Fabricated Structural Metal NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 6/15/2000 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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: Obtaining Funding - How to Decide How Much to Raise SBA Approved Banks in Norwich, New York
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