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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Springfield, Business Loans > Connecticut River Bank National As Springfield Business Loans > Logging Loan | ||||
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Banks in Vermont
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Where to Get Capital for LoggingLooking for SBA loans for logging? Try the SBA. This $40,000 logging loan was issued by a Vermont bank. This business knew how to go about getting a business bank loan. Based in Canaan, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Connecticut River Bank National As, based in Springfield, Vermont. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender CONNECTICUT RIVER BANK NATIONAL AS This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 113310 - Logging Loan Approval Date 3/18/2005 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Connecticut River Bank National As and they will explain how you can get an SBA loan for your company. 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: Microlending as a Small Business Funding Source
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