How to Get a Loan for Real Estate Appraisers

With these commercial loans for real estate appraisers, the SBA guarantees the lender that the loan will be repaid. This real estate appraisers loan for $20,000 was given to a Vermont entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Danville, Vermont was able to borrow $20,000 from Passumpsic Savings Bank. The SBA made the loan possible by guaranteeing $10,000 of this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE APPRAISERS
DANVILLE, VT 05873

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
497 RAILROAD ST
SAINT JOHNSBURY, VT 05819

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

531320 - Real Estate Appraisers

Loan Approval Date

6/11/2002

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Danville VT, you ought to talk with a local Danville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Danville businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $20,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Advice on Getting a Small Business Loan

Small Business Banks in Saint Johnsbury, Vermont

Getting an SBA Loan in Vermont