Loan Census Banking News and Information
May 12, 2024  
 
 
  Business Loan Information  
 

Syracuse, New York Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Florists Commercial Loans

With these commercial loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $15,000 was given to a New York entrepreneur in 2000.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Alliance Bank, out of Oswego, New York. The loan was granted and they received $15,000 to help grow their Syracuse, New York business.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
SYRACUSE, NY 13202

SBA Loan Lender

ALLIANCE BANK
300 STATE RTE 104 EAST
OSWEGO, NY 13126

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5992 - Florists

NAICS Code

453110 - Florists

Loan Approval Date

3/10/2000

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,000.

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 only one employee. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Understanding Dilution

SBA Participating Banks in Oswego, New York

SBA New York Lenders