Firm Gets a Maine SBA Loan
Small business loans in Maine are hard to find these days. We take a look at one Maine small business loan, provided by a Maine bank, that was approved by the SBA.
You can learn something about getting a small business loan in Corinth, Maine by studying this loan to a local company, made back in 2004. Banks like Bar Harbor Bank & Trust may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SCHOOL BUSES
CORINTH, ME 04427
SBA Loan Lender
BAR HARBOR BANK & TRUST
82 MAIN ST
BAR HARBOR, ME 04609
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
4151 - School Buses
NAICS Code
485410 - School and Employee Bus Transportation
Loan Approval Date
11/29/2004
Loan Approval Gross Amount
$312,800
Loan Approval from the SBA
Of the total $312,800 loan amount, the SBA guaranteed $156,400.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 only one employee. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you need money to start business in Corinth ME, you ought to talk with a local Corinth SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Corinth businesses.
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 Bar Harbor Bank & Trust 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:
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SBA Banks in Bar Harbor, Maine
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