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May 17, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Derby, Business Loans > Evans National Bank Derby Business Loans > Wood Container And Pallet Manufacturing Loan | ||||
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Banks in Derby, New York That Make SBA Loans
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Derby, New York Bank Lends Money to Wood Container And Pallet Manufacturing Company in Tonawanda, New YorkWant to talk with a Derby, New York bank about a business loan? Here's one New York business loan, issued by a Derby bank, that was approved by the SBA. Applying for an SBA loan with Evans National Bank worked out well for our friends at one local company in Tonawanda, New York. The business was able to get an SBA loan for $1,225,000. Way to go! SBA Loan Borrower COMPANY TYPE: WOOD CONTAINER AND PALLET MANUFACTURING SBA Loan Lender EVANS NATIONAL BANK This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. NAICS Code 321920 - Wood Container and Pallet Manufacturing Loan Approval Date 5/28/2002 Loan Approval Gross Amount $1,225,000 Loan Approval from the SBA Of the total $1,225,000 loan amount, the SBA guaranteed $918,750. 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 150 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source We can help you find the best banks for small businesses in Tonawanda or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Banks in Derby, New York
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