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December 20, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Bangor, Business Loans > Camden National Bank Bangor Business Loans > Book Stores Loan | ||||
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We Needed a Commercial Loan in Auburn, Maine and We Got One!
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Where to Get Capital for Book StoresLooking for small business loans for book stores? The SBA may be the answer. This $81,000 book stores loan was issued by a Maine bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Auburn, Maine was able to borrow $81,000 from Camden National Bank. The SBA made the loan possible by guaranteeing $40,500 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender CAMDEN NATIONAL BANK 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 451211 - Book Stores Loan Approval Date 3/23/2005 Loan Approval Gross Amount $81,000 Loan Approval from the SBA Of the total $81,000 loan amount, the SBA guaranteed $40,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $81,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banking Deregulation's Effects on Entrepreneurship Best Bangor, Maine Banks for Small Business Browse All Business Loan Sources for Maine
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