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May 11, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Canton, Business Loans > Community Bank Canton Business Loans > Computer Related Services Loan | ||||
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New York Bank SBA Loans
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Community Bank SBA Loan to Computer Related Services CompanyLooking to get a New York SBA loan? Here's one New York business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Randolph, New York, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Community Bank, based in Canton, New York. SBA Loan Borrower COMPANY TYPE: COMPUTER RELATED SERVICES SBA Loan Lender COMMUNITY BANK The lender provided this 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 7379 - Computer Related Services Loan Approval Date 6/29/2000 Loan Approval Gross Amount $85,600 Loan Approval from the SBA Of the total $85,600 loan amount, the SBA guaranteed $42,800. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $85,600 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Find an SBA Lender in Canton, New York
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