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May 19, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Albany, Business Loans > New York Business Devel Corp Albany Business Loans > Folding Paperboard Boxes Loan | ||||
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New York Business Devel Corp SBA 7A Loans
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Getting an SBA Loan for Folding Paperboard Box ManufacturingLooking for commercial loans for folding paperboard box manufacturing? Talk to a banker who works with the SBA. This $240,000 folding paperboard box manufacturing loan was issued by a New York bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with New York Business Devel Corp, out of Albany, New York. The loan was granted and they received $240,000 to help grow their Syracuse, New York business. SBA Loan Borrower COMPANY TYPE: FOLDING PAPERBOARD BOXES SBA Loan Lender NEW YORK BUSINESS DEVEL CORP This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2657 - Folding Paperboard Boxes NAICS Code 322212 - Folding Paperboard Box Manufacturing Loan Approval Date 2/18/2005 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 47 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money 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: Find an SBA Lender in Albany, New York
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