Financing for Specialty Trade Contractors

Looking for commercial loans for specialty trade contractors? The SBA may be the answer. This $34,000 specialty trade contractors loan was issued by a Vermont bank.

This business knew how to go about getting a business bank loan. Based in Cornwall, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was National Bank Of Middlebury, based in Middlebury, Vermont.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
CORNWALL, VT 05753

SBA Loan Lender

NATIONAL BANK OF MIDDLEBURY
30-32 MAIN ST
MIDDLEBURY, VT 05753

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.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$34,000

Loan Approval from the SBA

Of the total $34,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Cornwall VT, you ought to talk with a local Cornwall SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cornwall businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National Bank Of Middlebury had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National Bank Of Middlebury made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Small Business Banks in Middlebury, Vermont

SBA Lenders in Vermont