Bennington, VT Entrepreneur Gets SBA Loan to Buy Remax Franchise

Borrowing money to buy a Remax franchise? The Bank Of Bennington has a history of making these loans and they are guaranteed by the SBA.

Remax franchise loans are available to Bennington, Vermont entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Bank Of Bennington, based in Bennington, Vermont, issued an SBA franchise loan for a Remax franchise in 2007. We've got all the details on this Vermont small business loan.

SBA Loan Borrower

SOUTHWEST VERMONT REALTY GROUP
BENNINGTON, VT 05201

SBA Loan Lender

THE BANK OF BENNINGTON
155 NORTH ST
BENNINGTON, VT 05201

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

531210 - Real Estate Agents and Brokers

Loan Approval Date

12/14/2007

Loan Approval Gross Amount

$67,700

Loan Approval from the SBA

Of the total $67,700 loan amount, the SBA guaranteed $33,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Remax franchise. At the time of the loan, the company had 20 employees. The loan application indicated that the borrowed money would help create 3 new jobs.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 $67,700 loan. Remember, where there is a will, there is a way!

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:

Remax

Dealing With Venture Capitalists

SBA Banks in Bennington, Vermont

Getting a Business Loan in Vermont