Burlington, Vermont Bank Gives SBA Loan to Full-Service Restaurants Company

Get business loans from a Burlington, Vermont bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Chittenden Trust Company is a Burlington, Vermont small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Vermont company.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
BURLINGTON, VT 05401

SBA Loan Lender

CHITTENDEN TRUST COMPANY
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/5/2004

Loan Approval Gross Amount

$382,200

Loan Approval from the SBA

Of the total $382,200 loan amount, the SBA guaranteed $286,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 40 employees. The loan application indicated that the loan would help generate 40 new jobs and retain 40 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Burlington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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