Bed-and-Breakfast Inns Commercial Loans

Looking for commercial loans for bed-and-breakfast inns? The SBA may be the answer. This $440,000 bed-and-breakfast inns loan was issued by a Vermont bank.

This business knew how to go about getting a business bank loan. Based in East Dover, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Chittenden Trust Company, based in Brattleboro, Vermont.

SBA Loan Borrower

COMPANY TYPE: BED-AND-BREAKFAST INNS
EAST DOVER, VT 05341

SBA Loan Lender

CHITTENDEN TRUST COMPANY
100 MAIN ST
BRATTLEBORO, VT 05301

This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

8/20/2001

Loan Approval Gross Amount

$440,000

Loan Approval from the SBA

Of the total $440,000 loan amount, the SBA guaranteed $330,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in East Dover 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:

Microlending as a Small Business Funding Source

Small Business Banks in Brattleboro, Vermont

SBA Participating Banks in Vermont