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December 22, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Bar Harbor, Business Loans > Bar Harbor Bank & Trust Bar Harbor Business Loans > Eating Places Loan | ||||
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Maine Bank SBA Loans
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Bar Harbor Bank & Trust SBA Loan to Eating Places CompanySearching for a Maine SBA loan? Here's one Maine business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bar Harbor, Maine was able to borrow $512,000 from Bar Harbor Bank & Trust. The SBA made the loan possible by guaranteeing $384,000 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BAR HARBOR BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 1/11/2000 Loan Approval Gross Amount $512,000 Loan Approval from the SBA Of the total $512,000 loan amount, the SBA guaranteed $384,000. 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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Bar Harbor ME, you ought to talk with a local Bar Harbor SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bar Harbor businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $512,000 loan. Remember, if it to be, it is up to me! 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: SBA Banks in Bar Harbor, Maine
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