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December 22, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > Women's Handbags And Purses Loan | ||||
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Banks in Portland, Maine That Make SBA Loans
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Portland, Maine Bank Lends Money to Women's Handbags And Purses Company in Cornish, MaineA Portland, Maine business loan can be yours. Learn how a company got a $70,000 business loan from this Maine bank. This loan to a local firm is a good example of an SBA loan. Td Banknorth made the loan and the SBA guaranteed a portion of the loan. Many other Maine entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: WOMEN'S HANDBAGS AND PURSES SBA Loan Lender TD BANKNORTH This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 3171 - Women's Handbags and Purses NAICS Code 316992 - Women's Handbag and Purse Manufacturing Loan Approval Date 8/29/2000 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. 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 38 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 38 existing jobs. 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. We can help you find the best banks for small businesses in Cornish or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Bank Loans in Portland, Maine
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