Border Trust Company Gives Small Business Loan to Drinking Places Company

Would a Maine business loan help your company expand? If so, you may want to talk with this Maine bank, which offers SBA loans to Maine entrepreneurs.

Getting a small business loan in Carrabassett Valley, Maine was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Border Trust Company. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
CARRABASSETT VALLEY, ME 04947

SBA Loan Lender

BORDER TRUST COMPANY
227 WATER ST
AUGUSTA, ME 04330

This SBA 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

722410 - Drinking Places

Loan Approval Date

5/30/2006

Loan Approval Gross Amount

$330,000

Loan Approval from the SBA

Of the total $330,000 loan amount, the SBA guaranteed $247,500.

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 6 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $330,000 loan. Remember, feel the fear, and do it anyway.

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:

Obtaining Funding - Friends and Family

SBA Approved Banks in Augusta, Maine

Maine SBA 7A Lenders