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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Derby, Business Loans > Community National Bank Derby Business Loans > Septic Tank And Related Services Loan | ||||
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Derby SBA Lenders
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Derby, Vermont Lender Lends Money to Septic Tank And Related Services CompanyWant to talk with a Derby, Vermont bank about a small business loan? Here's one Vermont business loan, issued by a Derby bank, that was approved by the SBA. Applying for an SBA loan with Community National Bank worked out well for our friends at one local business in Danville, Vermont. They got an SBA loan for $113,000. Sweet! SBA Loan Borrower COMPANY TYPE: SEPTIC TANK AND RELATED SERVICES SBA Loan Lender COMMUNITY NATIONAL BANK This lender provides SBA bank 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 562991 - Septic Tank and Related Services Loan Approval Date 4/19/2005 Loan Approval Gross Amount $113,000 Loan Approval from the SBA Of the total $113,000 loan amount, the SBA guaranteed $96,050. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 Community National Bank 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: SBA 7A Banks in Derby, Vermont
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