Springfield, Vermont Lender Lends Money to Heating Oil Dealers Company

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

Connecticut River Bank National As is a Springfield, Vermont small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Hampshire company.

SBA Loan Borrower

COMPANY TYPE: HEATING OIL DEALERS
CLAREMONT, NH 03743

SBA Loan Lender

CONNECTICUT RIVER BANK NATIONAL AS
270 RIVER ST
SPRINGFIELD, VT 05156

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

454311 - Heating Oil Dealers

Loan Approval Date

2/24/2006

Loan Approval Gross Amount

$136,000

Loan Approval from the SBA

Of the total $136,000 loan amount, the SBA guaranteed $115,600.

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 10 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 13 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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 - Getting Venture Capital

Small Bank Loans in Springfield, Vermont

Vermont SBA Banks