Chittenden Trust Company Gives Small Business Loan to Highway, Street, And Bridge Construction Company

VermontSBA loans are available to Vermont entrepreneurs through the SBA. In this case, a Vermont bank provides the loan.

Getting a small business loan in Essex Junction, Vermont was a top priority for this particular business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Chittenden Trust Company. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION
Essex Junction, VT 05452

SBA Loan Lender

CHITTENDEN TRUST COMPANY
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401

This lender provides SBA guaranteed 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

237310 - Highway, Street, and Bridge Construction

Loan Approval Date

1/2/2008

Loan Approval Gross Amount

$903,100

Loan Approval from the SBA

Of the total $903,100 loan amount, the SBA guaranteed $677,325.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 40 employees. The SBA loan application for the borrower indicated that the loan would help generate 40 new jobs and retain 40 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

Equity Financing

Best Banks for Small Business in Burlington, Vermont

Getting an SBA Loan in Vermont