Peoples Tr Co - St. Albans SBA Loan to Supermarkets And Grocery Stores Company

Peoples Tr Co - St. Albans and the SBA work together to get business loans for growing small businesses. Here's an example of how a Vermont entrepreneur was able to get a loan to take a small business to the next level.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Peoples Tr Co - St. Albans, out of Saint Albans, Vermont. The loan was granted and they received $194,000 to help grow their Essex, Vermont business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
ESSEX, VT 05451

SBA Loan Lender

PEOPLES TR CO - ST. ALBANS
25 KINGMAN ST
SAINT ALBANS, VT 05478

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

6/16/2006

Loan Approval Gross Amount

$194,000

Loan Approval from the SBA

Of the total $194,000 loan amount, the SBA guaranteed $145,500.

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 10 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Essex VT, you ought to talk with a local Essex SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Essex businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Peoples Tr Co - St. Albans so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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SBA Participating Banks in Saint Albans, Vermont

SBA Lenders in Vermont