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May 12, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Lockport, Business Loans > First Niagara Bank Lockport Business Loans > Family Clothing Stores Loan | ||||
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Lockport, New York Bank for SBA Loans
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Entrepreneur Works With Lockport, New York Bank to Get an SBA LoanGet SBA loans from a Lockport, New York bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. First Niagara Bank is a Lockport, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New York company. SBA Loan Borrower COMPANY TYPE: FAMILY CLOTHING STORES SBA Loan Lender FIRST NIAGARA BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 448140 - Family Clothing Stores Loan Approval Date 10/7/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 80 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 68 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Family and Friend Investors - Your First Financiers Small Business Banks in Lockport, New York
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