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November 21, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Kennebunk, Business Loans > Rivergreen Bank Kennebunk Business Loans > Sports And Recreation Instruction Loan | ||||
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SBA Lender Biddeford (rr Name Biddeford-S Maine
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Sports and Recreation Instruction Business LoansLooking for business loans for sports and recreation instruction? The SBA may be the answer. This $25,000 sports and recreation instruction loan was issued by a Maine bank. Getting a small business loan in Biddeford (rr Name Biddeford-S, Maine was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Rivergreen Bank, operating out of Kennebunk, Maine. Here are the details on this Maine small business loan. SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender RIVERGREEN BANK 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 611620 - Sports and Recreation Instruction Loan Approval Date 9/13/2006 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 an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Rivergreen Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Rivergreen Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Lenders in Kennebunk, Maine
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