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May 16, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Rochester, Business Loans > Genesee Regional Bank Rochester Business Loans > Beauty Salons Loan | ||||
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New York Bank SBA Loans
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Rochester, New York Bank Gives SBA Loan to Beauty Salons CompanyWant to talk with a Rochester, New York bank about an SBA loan? Here's one New York business loan, issued by a Rochester bank, that was approved by the SBA. Applying for an SBA loan with Genesee Regional Bank worked out well for our friends at one local business in Rochester, New York. They got an SBA loan for $120,000. Nice! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender GENESEE REGIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 10/26/2005 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 18 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Genesee Regional Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Role of Business Plan When Raising Money SBA Participating Banks in Rochester, New York
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