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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Corning, Business Loans > Community Bank Corning Business Loans > Pressed And Blown Glass And Glassware Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Pressed and Blown Glass and Glassware Manufacturing SBA LoansLooking for SBA loans for pressed and blown glass and glassware manufacturing? Try the SBA. This $120,000 pressed and blown glass and glassware manufacturing loan was issued by a New York bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Community Bank, out of Corning, New York. The loan was granted and they received $120,000 to help grow their Corning, New York business. SBA Loan Borrower COMPANY TYPE: PRESSED AND BLOWN GLASS AND GLASSWARE SBA Loan Lender COMMUNITY BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3229 - Pressed and Blown Glass and Glassware NAICS Code 327212 - Pressed and Blown Glass and Glassware Manufacturing Loan Approval Date 12/20/2002 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $120,000. How would you spend $120,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Borrowing Money from Friends and Family
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