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November 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Biddeford, Business Loans > Pepperell Bank & Trust Biddeford Business Loans > Fuel Oil Dealers Loan | ||||
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Getting a Small Business Loan in Biddeford, Maine
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Growing Company Gets a Maine Small Business LoanWant a Maine bank loan? This Maine entrepreneur got a bank loan, provided by a Maine bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Biddeford, Maine by studying this loan to a local company, made back in 2003. Banks like Pepperell Bank & Trust may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FUEL OIL DEALERS SBA Loan Lender PEPPERELL BANK & TRUST This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and are well trained in SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5983 - Fuel Oil Dealers NAICS Code 454311 - Heating Oil Dealers Loan Approval Date 9/22/2003 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $550,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks for Small Business in Biddeford, Maine
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