Manchester Center, Vermont Bank Lends Money to Landscaping Services Company in Bondville, Vermont

Want to talk with a Manchester Center, Vermont bank about a business loan? Here's one Vermont business loan, issued by a Manchester Center bank, that was approved by the SBA.

Applying for an SBA loan with Berkshire Bank worked out well for our friends at one local company in Bondville, Vermont. The business was able to get an SBA loan for $129,100. Sweet!

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
BONDVILLE, VT 05340

SBA Loan Lender

BERKSHIRE BANK
4928 MAIN ST
MANCHESTER CENTER, VT 05255

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

12/22/2005

Loan Approval Gross Amount

$129,100

Loan Approval from the SBA

Of the total $129,100 loan amount, the SBA guaranteed $96,825.

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 52 employees. This SBA loan request indicated that the loan would help retain 50 existing jobs.

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

Don't apply for a loan directly with the SBA. You need to 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.

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 $129,100 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:

The Art of Bootstrapping

SBA Participating Banks in Manchester Center, Vermont

Getting a Business Loan in Vermont