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May 18, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Gouverneur, Business Loans > Community Bank Gouverneur Business Loans > Electrical Wiring Supplies Loan | ||||
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Community Bank
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Community Bank SBA Loan to Electrical Wiring Supplies CompanyCommunity Bank has a track record as a leading provider of SBA loans. Find out how this New York entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gouverneur, New York was able to borrow $70,000 from Community Bank. The SBA made the loan possible by guaranteeing $59,500 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL WIRING SUPPLIES 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 SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5063 - Electrical Wiring Supplies NAICS Code 444190 - Building Material Dealers Loan Approval Date 12/10/2002 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Gouverneur, New York
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