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May 20, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Amherst, Business Loans > Manufacturers & Traders Trust Amherst Business Loans > Tires And Tubes Loan | ||||
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Business Loans for Binghampton Small Business Owners
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Tire and Tube Wholesalers Commercial LoansLooking for commercial loans for tire and tube wholesalers? The SBA may be the answer. This $131,250 tire and tube wholesalers loan was issued by a New York bank. This business knew how to go about getting a business bank loan. Based in Binghampton, New York, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Manufacturers & Traders Trust, based in Amherst, New York. SBA Loan Borrower COMPANY TYPE: TIRES AND TUBES SBA Loan Lender MANUFACTURERS & TRADERS TRUST 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 5014 - Tires and Tubes NAICS Code 421130 - Tire and Tube Wholesalers Loan Approval Date 2/28/2002 Loan Approval Gross Amount $131,250 Loan Approval from the SBA Of the total $131,250 loan amount, the SBA guaranteed $111,562. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a business in Binghampton NY, you ought to talk with a local Binghampton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Binghampton businesses. 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 $131,250 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: Best Amherst, New York Banks for Small Business
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