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May 12, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Amherst, Business Loans > M&t Bank, National Association Amherst Business Loans > Motorcycle, Bicycle, And Parts Manufacturing Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Get an SBA Loan for Motorcycle, Bicycle, and Parts ManufacturingLooking for bank loans for motorcycle, bicycle, and parts manufacturing? Try the SBA. This $70,000 motorcycle, bicycle, and parts manufacturing loan was issued by a New York bank. This company knew how to go about getting a business bank loan. Based in Hazleton, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was M&t Bank, National Association, based in Amherst, New York. SBA Loan Borrower COMPANY TYPE: MOTORCYCLE, BICYCLE, AND PARTS MANUFACTURING SBA Loan Lender M&T BANK, NATIONAL ASSOCIATION 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. NAICS Code 336991 - Motorcycle, Bicycle, and Parts Manufacturing Loan Approval Date 9/29/2005 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 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: Obtaining Funding - How to Decide How Much to Raise Best Amherst, New York Banks for Small Business
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