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November 21, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > Limousine Service Loan | ||||
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Banks Doing SBA Loans in Maine
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Portland, Maine Bank Gives SBA Loan to Limousine Service CompanyWant to talk with a Portland, Maine bank about an SBA loan? Here's one New York business loan, issued by a Portland bank, that was approved by the SBA. Applying for an SBA loan with Td Banknorth worked out well for our friends at one local firm in Albany, New York. They received an SBA loan for $195,000. Nice! SBA Loan Borrower COMPANY TYPE: LIMOUSINE SERVICE SBA Loan Lender TD BANKNORTH The lender provided this small 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 485320 - Limousine Service Loan Approval Date 7/16/2004 Loan Approval Gross Amount $195,000 Loan Approval from the SBA Of the total $195,000 loan amount, the SBA guaranteed $97,500. 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 14 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 SBA Participating Banks in Portland, Maine
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