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May 9, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Hamburg, Business Loans > Evans National Bank Hamburg Business Loans > Home Health Care Services Loan | ||||
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NY Small Business Loans from Evans National Bank
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SBA Loan from Evans National Bank Helps Home Health Care Services CompanyAn SBA loan from Evans National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cheektowaga, New York business owner got a $300,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Evans National Bank, out of Hamburg, New York. The loan was granted and they received $300,000 to help grow their Cheektowaga, New York business. SBA Loan Borrower COMPANY TYPE: HOME HEALTH CARE SERVICES SBA Loan Lender EVANS NATIONAL BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621610 - Home Health Care Services Loan Approval Date 7/18/2006 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 120 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $300,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks for Small Business in Hamburg, New York
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