Concord, Vermont Entrepreneur Gets a Small Business Loan

VermontBank loans are available to Vermont firms through the SBA. In this case, a Vermont bank provides the loan.

Getting a small business loan in Concord, Vermont was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
CONCORD, VT 05824

SBA Loan Lender

COMMUNITY NATIONAL BANK
4811 US RTE 5
DERBY, VT 05829

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

12/9/2004

Loan Approval Gross Amount

$234,200

Loan Approval from the SBA

Of the total $234,200 loan amount, the SBA guaranteed $175,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, 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.

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