SBA Loan from The Bank Of Bennington Helps Vitreous China, Fine Earthenware, And Pottery Manufacturing Company

The Bank Of Bennington has a track record as a leading provider of SBA loans. Find out how this Vermont entrepreneur received an SBA loan from them.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with The Bank Of Bennington, out of Bennington, Vermont. The loan was granted and they received $18,000 to help grow their Arlington, Vermont business.

SBA Loan Borrower

COMPANY TYPE: VITREOUS CHINA, FINE EARTHENWARE, AND POTTERY MANUFACTURING
ARLINGTON, VT 05250

SBA Loan Lender

THE BANK OF BENNINGTON
155 NORTH ST
BENNINGTON, VT 05201

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

327112 - Vitreous China, Fine Earthenware, and Pottery Manufacturing

Loan Approval Date

2/27/2007

Loan Approval Gross Amount

$18,000

Loan Approval from the SBA

Of the total $18,000 loan amount, the SBA guaranteed $9,000.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Bank Of Bennington that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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