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May 12, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Saranac Lake, Business Loans > Community Bank Saranac Lake Business Loans > Surveying Services Loan | ||||
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Community Bank Small Business Loans
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Saranac Lake, New York Business Gets SBA-Guaranteed Funding from Community BankAn SBA loan from Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Saranac Lake, New York business owner got a $55,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saranac Lake, New York was able to borrow $55,000 from Community Bank. The SBA made the loan possible by guaranteeing $41,250 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: SURVEYING SERVICES SBA Loan Lender COMMUNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8713 - Surveying Services NAICS Code 541370 - Surveying and Mapping Services Loan Approval Date 10/23/2003 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $41,250. 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient 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? If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Raising VC Money for Social Networking Companies SBA Approved Banks in Saranac Lake, New York
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