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May 18, 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 > Dentists Loan | ||||
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New York SBA Banks
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Rochester, New York Bank Gives SBA Loan to Dentists CompanyWant to talk with a Rochester, New York bank about a business 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 firm in Rochester, New York. They received an SBA loan for $177,000. Way to go! SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender GENESEE REGIONAL BANK The lender provided this bank 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. NAICS Code 621210 - Dentists Loan Approval Date 9/11/2007 Loan Approval Gross Amount $177,000 Loan Approval from the SBA Of the total $177,000 loan amount, the SBA guaranteed $88,500. 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 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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: Dealing With Venture Capitalists SBA Approved Banks in Rochester, New York
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