Pepperell Bank & Trust SBA Loan to Grocery Stores Company

Want a Maine small business loan? Here's one Maine business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Camp Ellis, Maine, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Pepperell Bank & Trust, based in Biddeford, Maine.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
CAMP ELLIS, ME 04072

SBA Loan Lender

PEPPERELL BANK & TRUST
163 MAIN ST
BIDDEFORD, ME 04005

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

4/28/2000

Loan Approval Gross Amount

$140,800

Loan Approval from the SBA

Of the total $140,800 loan amount, the SBA guaranteed $105,600.

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 6 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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