Ferrisburg, Vermont Business Gets SBA-Guaranteed Funding from Community National Bank

An SBA loan from Community National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ferrisburg, Vermont business owner got a $8,100 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Community National Bank, out of Lyndonville, Vermont. The loan was granted and they received $8,100 to help grow their Ferrisburg, Vermont business.

SBA Loan Borrower

COMPANY TYPE: USED MERCHANDISE STORES
FERRISBURG, VT 05456

SBA Loan Lender

COMMUNITY NATIONAL BANK
1033 BROAD ST
LYNDONVILLE, VT 05851

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

453310 - Used Merchandise Stores

Loan Approval Date

1/28/2005

Loan Approval Gross Amount

$8,100

Loan Approval from the SBA

Of the total $8,100 loan amount, the SBA guaranteed $4,050.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Find Start-Up Capital

SBA 7A Banks in Lyndonville, Vermont

Vermont SBA 7A Lenders