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May 8, 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 > Sporting Goods Stores Loan | ||||
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Lockport Lenders
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Lockport, New York Lender Lends Money to Sporting Goods Stores CompanyWant to talk with a Lockport, New York bank about a small business loan? Here's one New York business loan, issued by a Lockport bank, that was approved by the SBA. Applying for an SBA loan with First Niagara Bank worked out well for our friends at one local business in Buffalo, New York. The business was able to get an SBA loan for $25,000. Nice! SBA Loan Borrower COMPANY TYPE: SPORTING GOODS 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 451110 - Sporting Goods Stores Loan Approval Date 5/4/2007 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you want money for new small business in Buffalo NY, you ought to talk with a local Buffalo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Buffalo businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Niagara Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Dealing With Venture Capitalists
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