Raising Money for Brick and Structural Clay Tile Manufacturing

With these bank loans for brick and structural clay tile manufacturing, the SBA guarantees the lender that the loan will be repaid. This brick and structural clay tile manufacturing loan for $100,000 was given to a Maine entrepreneur in 2008.

Getting a small business loan in Biddeford (rr Name Biddeford-S, Maine was important for this company back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Norway Savings Bank, operating out of Norway, Maine. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: BRICK AND STRUCTURAL CLAY TILE MANUFACTURING
BIDDEFORD (RR NAME BIDDEFORD-S, ME 04005

SBA Loan Lender

NORWAY SAVINGS BANK
261 MAIN ST
NORWAY, ME 04268

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

327121 - Brick and Structural Clay Tile Manufacturing

Loan Approval Date

1/9/2008

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 9 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Biddeford (rr Name Biddeford-S 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:

Bank Credit Lines

Where to Get an SBA Loan in Norway, Maine

Maine SBA 7A Banks