Entrepreneur Works With Brattleboro, Vermont Bank to Get an SBA Loan

Thinking about meeting with a Brattleboro, Vermont bank about a small business loan? Here's one Vermont business loan, issued by a Brattleboro bank, that was approved by the SBA.

Applying for an SBA loan with Chittenden Trust Company worked out well for our friends at one local business in Brattleboro, Vermont. The business was able to get an SBA loan for $137,530. Way to go!

SBA Loan Borrower

COMPANY TYPE: GREETING CARDS
BRATTLEBORO, VT 05301

SBA Loan Lender

CHITTENDEN TRUST COMPANY
100 MAIN ST
BRATTLEBORO, VT 05301

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves 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

2771 - Greeting Cards

NAICS Code

323119 - Commercial Printing

Loan Approval Date

5/10/2002

Loan Approval Gross Amount

$137,530

Loan Approval from the SBA

Of the total $137,530 loan amount, the SBA guaranteed $116,900.

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 11 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Chittenden Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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