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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Saint Albans, Business Loans > Peoples Tr Co - St. Albans Saint Albans Business Loans > Used Car Dealers Loan | ||||
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Small Business Banks for Enosburg Falls Small Businesses
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Enosburg Falls, Vermont Entrepreneur Gets an SBA LoanVermontBusiness loans are available to Vermont business owners through the SBA. In this case, a Vermont bank provides the loan. By giving the right information to Peoples Tr Co - St. Albans, this Enosburg Falls, Vermont business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender PEOPLES TR CO - ST. ALBANS The lender provided this commercial loan 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 441120 - Used Car Dealers Loan Approval Date 9/8/2005 Loan Approval Gross Amount $124,000 Loan Approval from the SBA Of the total $124,000 loan amount, the SBA guaranteed $62,000. 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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $124,000 loan. Remember, you control your own destiny. 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: Family and Friend Investors - Your First Financiers Best Saint Albans, Vermont Banks for Small Business
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