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May 13, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Ithaca, Business Loans > Alternatives Fcu Ithaca Business Loans > Services Loan | ||||
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Get a Small Business Loan from Alternatives Fcu
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Cortland, New York Business Gets SBA-Guaranteed Funding from Alternatives FcuAlternatives Fcu is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New York entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Cortland, New York was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Alternatives Fcu, operating out of Ithaca, New York. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender ALTERNATIVES FCU The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services Loan Approval Date 8/17/2000 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $28,000. 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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Small Bank Loans in Ithaca, New York Getting an SBA Loan in New York
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