Financing for Wet Corn Milling

With these loans for wet corn milling, the SBA guarantees the lender that the loan will be repaid. This wet corn milling loan for $350,000 was given to a Maine entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Fort Fairfield, Maine, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Katahdin Trust Co., based in Patten, Maine.

SBA Loan Borrower

COMPANY TYPE: WET CORN MILLING
FORT FAIRFIELD, ME 04742

SBA Loan Lender

KATAHDIN TRUST CO.
MAIN ST
PATTEN, ME 04765

This SBA small business 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

311221 - Wet Corn Milling

Loan Approval Date

8/25/2006

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 19 employees. This SBA loan request indicated that the funding would help generate 19 new jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Katahdin Trust Co. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding - Getting Venture Capital

SBA 7A Banks for Patten, Maine Loans

Find an SBA Lender in Maine