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April 25, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Stamford, Business Loans > Td Banknorth Stamford Business Loans > Motor Vehicle Parts And Accessories Loan | ||||
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Connecticut Bank SBA Loans
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Td Banknorth SBA Loan to Motor Vehicle Parts And Accessories CompanyWant a New York SBA loan? Here's one New York business loan that was approved by the SBA. This growing firm needed an SBA business loan in Watervliet, New York back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Td Banknorth, operating out of Stamford, Connecticut. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS AND ACCESSORIES SBA Loan Lender TD BANKNORTH This lender issued this particular debt financing 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 3714 - Motor Vehicle Parts and Accessories Loan Approval Date 3/31/2000 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 7 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: SBA Approved Banks in Stamford, Connecticut
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