 |
 |
May 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Ithaca, Business Loans > Tompkins Trust Company Ithaca Business Loans > Metal Stampings Loan | ||||
 |
||||
Raising Money in Brooktondale, New York With SBA Loans
|
||||
 |
Metal Stamping LoansLooking for loans for metal stamping? Talk to a banker who works with the SBA. This $275,000 metal stamping loan was issued by a New York bank. This company knew how to go about getting a business bank loan. Based in Brooktondale, New York, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Tompkins Trust Company, based in Ithaca, New York. SBA Loan Borrower COMPANY TYPE: METAL STAMPINGS SBA Loan Lender TOMPKINS TRUST COMPANY This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3469 - Metal Stampings NAICS Code 332116 - Metal Stamping Loan Approval Date 2/12/2001 Loan Approval Gross Amount $275,000 Loan Approval from the SBA Of the total $275,000 loan amount, the SBA guaranteed $206,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Tompkins Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
|
|
||
|
||||
|
|
||||