Get an SBA Loan for Direct Selling Establishments

With these bank loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $163,900 was given to a Maine entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bristol, Maine was able to borrow $163,900 from Damariscotta Bank & Trust. The SBA made the loan possible by guaranteeing $122,925 of this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
BRISTOL, ME 04539

SBA Loan Lender

DAMARISCOTTA BANK & TRUST
25 MAIN ST
DAMARISCOTTA, ME 04543

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

4/28/2006

Loan Approval Gross Amount

$163,900

Loan Approval from the SBA

Of the total $163,900 loan amount, the SBA guaranteed $122,925.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find business people willing to loan money, 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.

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