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May 14, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Corning, Business Loans > Community Bank Corning Business Loans > Amusement And Recreation Services Loan | ||||
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New York Small Business Funding
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Getting an SBA Loan for Recreational Goods RentalLooking for commercial loans for recreational goods rental? The SBA may be the answer. This $50,500 recreational goods rental loan was issued by a New York bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Community Bank, out of Corning, New York. The loan was granted and they received $50,500 to help grow their Hammondsport, New York business. SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES SBA Loan Lender COMMUNITY BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7999 - Amusement and Recreation Services NAICS Code 532292 - Recreational Goods Rental Loan Approval Date 4/30/2003 Loan Approval Gross Amount $50,500 Loan Approval from the SBA Of the total $50,500 loan amount, the SBA guaranteed $42,925. 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 company planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Corning, New York
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