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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Castile, Business Loans > The Bank Of Castile Castile Business Loans > Construction, Mining, And Forestry Machinery Equipment Rental And Leasing Loan | ||||
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The Bank Of Castile
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SBA Loan from The Bank Of Castile Helps Construction, Mining, And Forestry Machinery Equipment Rental And Leasing CompanyAn SBA loan from The Bank Of Castile typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Arcade, New York business owner got a $150,000 loan. Getting a small business loan in Arcade, New York was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Castile, operating out of Castile, New York. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING SBA Loan Lender THE BANK OF CASTILE As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing Loan Approval Date 7/29/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me! 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: SBA Approved Banks in Castile, New York
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