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May 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Saratoga Springs, Business Loans > The Adirondack Trust Company Saratoga Springs Business Loans > Masonry Contractors Loan | ||||
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The Adirondack Trust Company Business Loans Ballston Spa, New York
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SBA Loan from The Adirondack Trust Company Helps Masonry Contractors CompanyAn SBA loan from The Adirondack Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ballston Spa, New York business owner got a $55,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ballston Spa, New York was able to borrow $55,000 from The Adirondack Trust Company. The SBA made the loan possible by guaranteeing $46,750 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: MASONRY CONTRACTORS SBA Loan Lender THE ADIRONDACK TRUST COMPANY This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238140 - Masonry Contractors Loan Approval Date 6/25/2004 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. 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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you want money for new small business in Ballston Spa NY, you ought to talk with a local Ballston Spa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ballston Spa businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $55,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Find an SBA Lender in Saratoga Springs, New York
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