Commercial Loans for Tour Operators

With these commercial loans for tour operators, the SBA guarantees the lender that the loan will be repaid. This tour operators loan for $117,760 was given to a Maine entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bath, Maine was able to borrow $117,760 from Td Banknorth. The SBA made the loan possible by guaranteeing $88,320 of this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: TOUR OPERATORS
BATH, ME 04530

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

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

4725 - Tour Operators

NAICS Code

561520 - Tour Operators

Loan Approval Date

3/17/2000

Loan Approval Gross Amount

$117,760

Loan Approval from the SBA

Of the total $117,760 loan amount, the SBA guaranteed $88,320.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

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SBA Approved Banks in Portland, Maine

SBA Participating Banks in Maine