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May 13, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Owego, Business Loans > Tioga State Bank Owego Business Loans > Bus And Motor Vehicle Transit Systems Loan | ||||
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New York Small Business Funding
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Small Business Loans for Bus and Motor Vehicle Transit SystemsLooking for small business loans for bus and motor vehicle transit systems? Try the SBA. This $591,100 bus and motor vehicle transit systems loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Johnson City, New York was able to borrow $591,100 from Tioga State Bank. The SBA made the loan possible by guaranteeing $443,325 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: BUS AND MOTOR VEHICLE TRANSIT SYSTEMS SBA Loan Lender TIOGA STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485113 - Bus and Motor Vehicle Transit Systems Loan Approval Date 5/10/2004 Loan Approval Gross Amount $591,100 Loan Approval from the SBA Of the total $591,100 loan amount, the SBA guaranteed $443,325. 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 30 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $591,100. How would you spend $591,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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