Borrowing Money for General Long-Distance Freight Trucking

Looking for small business loans for general long-distance freight trucking? The SBA may be the answer. This $236,200 general long-distance freight trucking loan was issued by a Maine bank.

This small firm knew how to go about getting a business bank loan. Based in Fort Kent (census Name For For, Maine, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Norstate Fcu, based in Madawaska, Maine.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
FORT KENT (CENSUS NAME FOR FOR, ME 04743

SBA Loan Lender

NORSTATE FCU
78 FOX ST
MADAWASKA, ME 04756

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

484121 - General Long-Distance Freight Trucking

Loan Approval Date

12/10/2004

Loan Approval Gross Amount

$236,200

Loan Approval from the SBA

Of the total $236,200 loan amount, the SBA guaranteed $118,100.

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 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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