Essex Junction, VT Entrepreneur Gets SBA Loan to Buy Dollar Discount Stores Franchise

Borrowing money to purchase a Dollar Discount Stores franchise? The Merchants Bank has a history of making these loans and they are guaranteed by the SBA.

Dollar Discount Stores franchise loans are available to Essex Junction, Vermont entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Merchants Bank, based in South Burlington, Vermont, issued an SBA franchise loan for a Dollar Discount Stores franchise in 2005. We've got all the details on this Vermont small business loan.

SBA Loan Borrower

JAXCO, INC
ESSEX JUNCTION, VT 05452

SBA Loan Lender

THE MERCHANTS BANK
275 KENNEDY DR
SOUTH BURLINGTON, VT 05403

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

2/7/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Essex Junction 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:

Dollar Discount

Small Business Loan

Good Banks for Small Business in South Burlington, Vermont

Vermont SBA Bank Lenders