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May 16, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Oneida, Business Loans > The Oneida Savings Bank Oneida Business Loans > Women's And Children's Underwear Loan | ||||
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New York Bank SBA Loans
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The Oneida Savings Bank SBA Loan to Women's And Children's Underwear CompanySearching for a New York small business loan? Here's one New York business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Earlville, New York was able to borrow $25,000 from The Oneida Savings Bank. The SBA made the loan possible by guaranteeing $20,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: WOMEN'S AND CHILDREN'S UNDERWEAR SBA Loan Lender THE ONEIDA SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2341 - Women's and Children's Underwear Loan Approval Date 9/14/2000 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $20,000. 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 2 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Oneida Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Where to Get an SBA Loan in Oneida, New York
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