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May 16, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Watertown, Business Loans > Watertown Savings Bank Watertown Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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SBA Lender Watertown
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Watertown, New York Bank Gives SBA Loan to Hobby, Toy, And Game Stores CompanyWant to talk with a Watertown, New York bank about a small business loan? Here's one New York business loan, issued by a Watertown bank, that was approved by the SBA. Applying for an SBA loan with Watertown Savings Bank worked out well for our friends at one local company in Watertown, New York. They got an SBA loan for $10,000. Way to go! SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender WATERTOWN SAVINGS BANK This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 2/2/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Role of Business Plan When Raising Money Best Banks for Small Business in Watertown, New York Where to Get an SBA Loan New York
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