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November 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Norway, Business Loans > Norway Savings Bank Norway Business Loans > Natural Gas Distribution Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Where to Get Capital for Natural Gas DistributionLooking for small business loans for natural gas distribution? Try the SBA. This $20,000 natural gas distribution loan was issued by a Maine bank. This company knew how to go about getting a business bank loan. Based in Bridgton (census Name For Brid, Maine, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Norway Savings Bank, based in Norway, Maine. SBA Loan Borrower COMPANY TYPE: NATURAL GAS DISTRIBUTION SBA Loan Lender NORWAY SAVINGS 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 221210 - Natural Gas Distribution Loan Approval Date 9/26/2007 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Family and Friend Investors - Your First Financiers Best Norway, Maine Banks for Small Business
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