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May 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Syracuse, Business Loans > Alliance Bank Syracuse Business Loans > Pumps And Pumping Equipment Loan | ||||
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New York Small Business SBA Loans
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Sherrill, New York Entrepreneur Gets a Small Business LoanWould a New York SBA loan help your business get to the next level? If so, you may want to talk with this New York bank, which offers SBA loans to New York entrepreneurs. This business, based in Sherrill, New York, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Alliance Bank. We've got the inside scoop on this New York small business loan. SBA Loan Borrower COMPANY TYPE: PUMPS AND PUMPING EQUIPMENT SBA Loan Lender ALLIANCE BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3561 - Pumps and Pumping Equipment NAICS Code 333911 - Pump and Pumping Equipment Manufacturing Loan Approval Date 5/31/2002 Loan Approval Gross Amount $180,642 Loan Approval from the SBA Of the total $180,642 loan amount, the SBA guaranteed $135,482. 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 15 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find other ways to get money to start a business, 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: Good Banks for Small Business in Syracuse, New York Getting an SBA Loan in New York
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