How to Get a Loan for Office Equipment Wholesalers

Looking for commercial loans for office equipment wholesalers? Try the SBA. This $65,000 office equipment wholesalers loan was issued by a Vermont bank.

This small business knew how to go about getting a business bank loan. Based in Barre, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Northfield Savings Bank, based in Barre, Vermont.

SBA Loan Borrower

COMPANY TYPE: OFFICE EQUIPMENT
BARRE, VT 05641

SBA Loan Lender

NORTHFIELD SAVINGS BANK
289 N MAIN ST
BARRE, VT 05641

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5044 - Office Equipment

NAICS Code

421420 - Office Equipment Wholesalers

Loan Approval Date

3/27/2001

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

We can help you find the best banks for small businesses in Barre or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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