Vermont Business Loan Issued to Used Merchandise Stores Company

VermontBusiness loans are available to Vermont business owners through the SBA. In this case, a Vermont bank provides the loan.

Getting a small business loan in Ferrisburgh, Vermont was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Lyndonbank. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: USED MERCHANDISE STORES
FERRISBURGH, VT 05456

SBA Loan Lender

LYNDONBANK
46 SCHOOL ST
VERGENNES, VT 05491

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5932 - Used Merchandise Stores

Loan Approval Date

4/11/2000

Loan Approval Gross Amount

$66,500

Loan Approval from the SBA

Of the total $66,500 loan amount, the SBA guaranteed $53,200.

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 2 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

This SBA loan was for $66,500. How would you spend $66,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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