Brainardsville, New York Business Gets SBA-Guaranteed Funding from Nbt Bank, National Association

An SBA loan from Nbt Bank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brainardsville, New York business owner got a $85,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Nbt Bank, National Association, out of Lake Placid, New York. The loan was granted and they received $85,000 to help grow their Brainardsville, New York business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
BRAINARDSVILLE, NY 12915

SBA Loan Lender

NBT BANK, NATIONAL ASSOCIATION
81 MAIN ST
LAKE PLACID, NY 12946

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445120 - Convenience Stores

Loan Approval Date

5/4/2001

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

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 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours 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:

Business Line of Credit

SBA Banks in Lake Placid, New York

New York SBA 7A Lenders