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December 22, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > General Automotive Repair Loan | ||||
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Portland Bank Loan
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Portland, Maine Bank Lends Money to General Automotive Repair Company in Dummerston, VermontA Portland, Maine SBA loan can be yours. Learn how a business got a $80,600 business loan from this Maine bank. This loan to an entrepreneur is a good example of an SBA loan. Td Banknorth made the loan and the SBA guaranteed a portion of the loan. Many other Vermont 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: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender TD BANKNORTH This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 811111 - General Automotive Repair Loan Approval Date 7/24/2006 Loan Approval Gross Amount $80,600 Loan Approval from the SBA Of the total $80,600 loan amount, the SBA guaranteed $40,300. 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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Portland, Maine Banks for Small Business
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