 |
 |
May 13, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Canton, Business Loans > Community Bank Canton Business Loans > Floor Covering Stores Loan | ||||
 |
||||
Examples of Hornell SBA Loans
|
||||
 |
Getting an SBA Loan for Floor Covering StoresLooking for SBA loans for floor covering stores? Talk to a banker who works with the SBA. This $20,000 floor covering stores loan was issued by a New York bank. This business knew how to go about getting a business bank loan. Based in Hornell, New York, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Community Bank, based in Canton, New York. SBA Loan Borrower COMPANY TYPE: FLOOR COVERING STORES SBA Loan Lender COMMUNITY BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5713 - Floor Covering Stores NAICS Code 442210 - Floor Covering Stores Loan Approval Date 9/11/2000 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 5 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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:
|
|
||
|
||||
|
|
||||