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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Morrisville, Business Loans > Union Bank Morrisville Business Loans > Amusement And Theme Parks Loan | ||||
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Raising Money in Georgia Center, Vermont With SBA Loans
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Union Bank Gives Business Loan to Amusement And Theme Parks CompanyVermontBank loans are available to Vermont firms through the SBA. In this case, a Vermont bank provides the loan. By giving the right information to Union Bank, this Georgia Center, Vermont business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND THEME PARKS SBA Loan Lender UNION BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713110 - Amusement and Theme Parks Loan Approval Date 9/20/2004 Loan Approval Gross Amount $665,000 Loan Approval from the SBA Of the total $665,000 loan amount, the SBA guaranteed $498,750. 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 20 employees. The loan application indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Union Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Where to Get an SBA Loan in Morrisville, Vermont
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