Saint Johnsbury, Vermont Lender Lends Money to Media Representatives Company

Thinking about meeting with a Saint Johnsbury, Vermont bank about a small business loan? Here's one Vermont business loan, issued by a Saint Johnsbury bank, that was approved by the SBA.

Applying for an SBA loan with Passumpsic Savings Bank worked out well for our friends at one local firm in Essex (essex Center), Vermont. They received an SBA loan for $75,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: MEDIA REPRESENTATIVES
ESSEX (ESSEX CENTER), VT 05451

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
497 RAILROAD ST
SAINT JOHNSBURY, VT 05819

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541840 - Media Representatives

Loan Approval Date

1/24/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 6 new jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Saint Johnsbury, Vermont

Vermont SBA Banks