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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Saratoga Springs, Business Loans > The Adirondack Trust Company Saratoga Springs Business Loans > Schools And Educational Services Loan | ||||
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The Adirondack Trust Company Business Loans
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Where to Get Capital for Professional and Management Development TrainingLooking for SBA loans for professional and management development training? An SBA loan may be just what you've been looking for. This $80,000 professional and management development training loan was issued by a New York bank. This small business knew how to go about getting a business bank loan. Based in Greenfield Cente, New York, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Adirondack Trust Company, based in Saratoga Springs, New York. SBA Loan Borrower COMPANY TYPE: SCHOOLS AND EDUCATIONAL SERVICES SBA Loan Lender THE ADIRONDACK TRUST COMPANY 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 8299 - Schools and Educational Services NAICS Code 611430 - Professional and Management Development Training Loan Approval Date 10/23/2002 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start business in Greenfield Cente NY, you ought to talk with a local Greenfield Cente SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greenfield Cente businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Adirondack Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Dealing With Venture Capitalists Small Bank Loans in Saratoga Springs, New York
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