Financing for Testing Laboratories

Looking for loans for testing laboratories? An SBA loan may be just what you've been looking for. This $175,000 testing laboratories loan was issued by a Maine bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Bangor Savings Bank, out of Bangor, Maine. The loan was granted and they received $175,000 to help grow their Farmingdale (census Name For F, Maine business.

SBA Loan Borrower

COMPANY TYPE: TESTING LABORATORIES
FARMINGDALE (CENSUS NAME FOR F, ME 04344

SBA Loan Lender

BANGOR SAVINGS BANK
99 FRANKLIN ST
BANGOR, ME 04401

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541380 - Testing Laboratories

Loan Approval Date

8/12/2005

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Farmingdale (census Name For F ME, you ought to talk with a local Farmingdale (census Name For F SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Farmingdale (census Name For F businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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