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May 11, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Solvay, Business Loans > Solvay Bank Solvay Business Loans > Adjustment And Collection Services Loan | ||||
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SBA Lender Solvay, New York
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Solvay, New York Bank Gives SBA Loan to Adjustment And Collection Services CompanyThinking about meeting with a Solvay, New York bank about a small business loan? Here's one New York business loan, issued by a Solvay bank, that was approved by the SBA. Applying for an SBA loan with Solvay Bank worked out well for our friends at one local business in Syracuse, New York. They got an SBA loan for $300,000. Awesome! SBA Loan Borrower COMPANY TYPE: ADJUSTMENT AND COLLECTION SERVICES SBA Loan Lender SOLVAY BANK This SBA business 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 7322 - Adjustment and Collection Services NAICS Code 561440 - Collection Agencies Loan Approval Date 1/22/2001 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 26 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. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find business people willing to loan money, 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: Find an SBA Lender in Solvay, New York
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