The Bank Of Bennington Provides SBA Loan to Buy Remax Franchise

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

Want to borrow money to buy a Remax franchise? If so, here's a 2007 SBA franchise loan that you should know about. The Bank Of Bennington was the lender and the entrepreneur was based in Bennington, Vermont.

SBA Loan Borrower

SOUTHWEST VERMONT REALTY GROUP
BENNINGTON, VT 05201

SBA Loan Lender

THE BANK OF BENNINGTON
155 NORTH ST
BENNINGTON, VT 05201

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 SBA loan documents indicated that the funding would help create 3 new jobs.

Getting an SBA Loan For Your Business

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.

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 $25,000 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.

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