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December 18, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Derby, Business Loans > Community National Bank Derby Business Loans > Heating Oil Dealers Loan | ||||
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Colebrook, New Hampshire Bank for SBA Loans
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Getting an SBA Loan for Heating Oil DealersLooking for SBA loans for heating oil dealers? The SBA may be the answer. This $250,000 heating oil dealers loan was issued by a Vermont bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Community National Bank, out of Derby, Vermont. The loan was granted and they received $250,000 to help grow their Colebrook, New Hampshire business. SBA Loan Borrower COMPANY TYPE: HEATING OIL DEALERS SBA Loan Lender COMMUNITY NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454311 - Heating Oil Dealers Loan Approval Date 11/14/2002 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 7 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA 7A Banks in Derby, Vermont
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