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November 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Ellsworth, Business Loans > Union Trust Company Ellsworth Business Loans > Limited-Service Restaurants Loan | ||||
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Maine SBA Lenders
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Entrepreneur Works With Ellsworth, Maine Bank to Get an SBA LoanWant to talk with an Ellsworth, Maine bank about a business loan? Here's one Maine business loan, issued by an Ellsworth bank, that was approved by the SBA. Applying for an SBA loan with Union Trust Company worked out well for our friends at one local company in Ellsworth, Maine. The business was able to get an SBA loan for $30,000. Nice! SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender UNION TRUST COMPANY The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 722211 - Limited-Service Restaurants Loan Approval Date 12/4/2002 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. 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 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours 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: Raising VC Money for Social Networking Companies Small Business Banks in Ellsworth, Maine Getting a Business Loan in Maine
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