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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > South Burlington, Business Loans > The Merchants Bank South Burlington Business Loans > Remediation Services Loan | ||||
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Vermont Small Business Funding
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Borrowing Money for Remediation ServicesLooking for loans for remediation services? Try the SBA. This $572,000 remediation services loan was issued by a Vermont bank. Getting a small business loan in Burlington, Vermont was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Merchants Bank, operating out of South Burlington, Vermont. Here are the details on this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: REMEDIATION SERVICES SBA Loan Lender THE MERCHANTS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 562910 - Remediation Services Loan Approval Date 4/12/2002 Loan Approval Gross Amount $572,000 Loan Approval from the SBA Of the total $572,000 loan amount, the SBA guaranteed $429,000. 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 52 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: Who Lends Money to Small Businesses in South Burlington, Vermont
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