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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Bennington, Business Loans > The Bank Of Bennington Bennington Business Loans > Bed-And-Breakfast Inns Loan | ||||
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Vermont SBA Banks
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Bennington, Vermont Bank Lends Money to Bed-And-Breakfast Inns Company in Arlington, VermontWant to talk with a Bennington, Vermont bank about an SBA loan? Here's one Vermont business loan, issued by a Bennington bank, that was approved by the SBA. Applying for an SBA loan with The Bank Of Bennington worked out well for our friends at one local company in Arlington, Vermont. The business was able to get an SBA loan for $1,280,000. Way to go! SBA Loan Borrower COMPANY TYPE: BED-AND-BREAKFAST INNS SBA Loan Lender THE BANK OF BENNINGTON SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721191 - Bed-and-Breakfast Inns Loan Approval Date 1/8/2002 Loan Approval Gross Amount $1,280,000 Loan Approval from the SBA Of the total $1,280,000 loan amount, the SBA guaranteed $960,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from The Bank Of Bennington so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Where to Get an SBA Loan in Bennington, Vermont
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