Loan Census Banking News and Information
May 17, 2024  
 
 
  Business Loan Information  
 

Banks in Castile, New York That Make SBA Loans

 

 
Loan Census SBA Loan Info

Castile, New York Bank Lends Money to Dental Laboratories Company in Spencerport, New York

Want to talk with a Castile, New York bank about a small business loan? Here's one New York business loan, issued by a Castile bank, that was approved by the SBA.

Applying for an SBA loan with The Bank Of Castile worked out well for our friends at one local firm in Spencerport, New York. They got an SBA loan for $195,000. Nice!

SBA Loan Borrower

COMPANY TYPE: DENTAL LABORATORIES
SPENCERPORT, NY 14559

SBA Loan Lender

THE BANK OF CASTILE
50 N MAIN ST
CASTILE, NY 14427

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339116 - Dental Laboratories

Loan Approval Date

3/27/2007

Loan Approval Gross Amount

$195,000

Loan Approval from the SBA

Of the total $195,000 loan amount, the SBA guaranteed $146,250.

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 14 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 14 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Startup Funding Tip

SBA 7A Lenders in Castile, New York

SBA New York Lenders