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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Endwell, Business Loans > Visions Fcu Endwell Business Loans > Wineries Loan | ||||
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Hector, New York Bank for SBA Loans
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Commercial Loans for WineriesLooking for commercial loans for wineries? The SBA may be the answer. This $358,800 wineries loan was issued by a New York bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Visions Fcu, out of Endwell, New York. The loan was granted and they received $358,800 to help grow their Hector, New York business. SBA Loan Borrower COMPANY TYPE: WINERIES SBA Loan Lender VISIONS FCU SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 312130 - Wineries Loan Approval Date 5/26/2004 Loan Approval Gross Amount $358,800 Loan Approval from the SBA Of the total $358,800 loan amount, the SBA guaranteed $269,100. 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 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $358,800 loan. Remember, things become real when you believe you can achieve them! 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: Role of Business Plan When Raising Money Best Endwell, New York Banks for Small Business
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