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December 18, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Brattleboro, Business Loans > Brattleboro S & L Association Brattleboro Business Loans > Games, Toys, & Children's Vehicles Loan | ||||
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Brattleboro S & L Association Brattleboro
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Brattleboro, Vermont Business Gets SBA-Guaranteed Funding from Brattleboro S & L AssociationBrattleboro S & L Association and the SBA work together to get business loans for growing small businesses. Here's an example of how a Vermont entrepreneur was able to get a loan to take a small business to the next level. This small firm knew how to go about getting a business bank loan. Based in Brattleboro, Vermont, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Brattleboro S & L Association, based in Brattleboro, Vermont. SBA Loan Borrower COMPANY TYPE: GAMES, TOYS, & CHILDREN'S VEHICLES SBA Loan Lender BRATTLEBORO S & L ASSOCIATION This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3944 - Games, Toys, & Children's Vehicles NAICS Code 339932 - Game, Toy, and Children's Vehicle Manufacturing Loan Approval Date 9/24/2003 Loan Approval Gross Amount $48,000 Loan Approval from the SBA Of the total $48,000 loan amount, the SBA guaranteed $40,800. More Information on This SBA Loan The borrower borrowed this money for a new 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 4 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $48,000 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: How Much Venture Capital Is There? Best Brattleboro, Vermont Banks for Small Business
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