 |
 |
May 17, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Wellsville, Business Loans > Steuben Trust Wellsville Business Loans > Variety Stores Loan | ||||
 |
||||
Wellsville, New York Bank for SBA Loans
|
||||
 |
Wellsville, New York Lender Lends Money to Variety Stores CompanyThinking about meeting with a Wellsville, New York bank about an SBA loan? Here's one New York business loan, issued by a Wellsville bank, that was approved by the SBA. Applying for an SBA loan with Steuben Trust worked out well for our friends at one local firm in North Cohocton, New York. The business was able to get an SBA loan for $130,000. Nice! SBA Loan Borrower COMPANY TYPE: VARIETY STORES SBA Loan Lender STEUBEN TRUST 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. SIC Code 5331 - Variety Stores NAICS Code 452990 - General Merchandise Stores Loan Approval Date 9/10/2001 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $110,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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 $130,000 loan. Remember, you control your own destiny. 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: Good Banks for Small Business in Wellsville, New York
|
|
||
|
||||
|
|
||||