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May 11, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Buffalo, Business Loans > First Niagara Bank Buffalo Business Loans > Recyclable Material Wholesalers Loan | ||||
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Niagara Falls, New York Bank Loan
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Small Business Loans for Recyclable Material WholesalersLooking for small business loans for recyclable material wholesalers? The SBA may be the answer. This $302,000 recyclable material wholesalers loan was issued by a New York bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Niagara Bank, out of Buffalo, New York. The loan was granted and they received $302,000 to help grow their Niagara Falls, New York business. SBA Loan Borrower COMPANY TYPE: RECYCLABLE MATERIAL WHOLESALERS SBA Loan Lender FIRST NIAGARA 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 commercial 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 421930 - Recyclable Material Wholesalers Loan Approval Date 1/17/2002 Loan Approval Gross Amount $302,000 Loan Approval from the SBA Of the total $302,000 loan amount, the SBA guaranteed $226,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 - Friends and Family Small Bank Loans in Buffalo, New York
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