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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Elmira, Business Loans > Community Bank Elmira Business Loans > Racetracks Loan | ||||
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How to Get SBA Loans in Chemung, New York
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Racetracks LoansLooking for loans for racetracks? Try the SBA. This $82,000 racetracks loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chemung, New York was able to borrow $82,000 from Community Bank. The SBA made the loan possible by guaranteeing $61,500 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: RACETRACKS SBA Loan Lender COMMUNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7948 - NAICS Code 711212 - Racetracks Loan Approval Date 5/23/2001 Loan Approval Gross Amount $82,000 Loan Approval from the SBA Of the total $82,000 loan amount, the SBA guaranteed $61,500. 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 4 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank and they will explain how you can get an SBA loan for your company. 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 SBA 7A Lenders in Elmira, New York Browse All Business Loan Sources for New York
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