Entrepreneur Works With Buffalo, New York Bank to Get an SBA Loan

Get small business loans from a Buffalo, New York bank that knows how to treat small business owners right! If Fashion Studio LLC can get a loan, there's no reason you can't do it too.

Manufacturers & Traders Trust is a Buffalo, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Fashion Studio LLC a Virginia company.

SBA Loan Borrower

Fashion Studio LLC
12300 Jefferson Avenue #20
Newport News, VA 23602

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
ONE M & T PLAZA
BUFFALO, NY 14203

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

7/19/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower, Fashion Studio LLC, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to Fashion Studio LLC to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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SBA Participating Banks in Buffalo, New York

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If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.