Portland, Maine Bank Gives SBA Loan to Site Preparation Contractors Company
Want to talk with a Portland, Maine bank about a business loan? Here's one Maine business loan, issued by a Portland bank, that was approved by the SBA.
Applying for an SBA loan with Td Banknorth worked out well for our friends at one local business in Georgetown, Maine. They got an SBA loan for $101,700. Way to go!
SBA Loan Borrower
COMPANY TYPE: SITE PREPARATION CONTRACTORS
Georgetown, ME 04548
SBA Loan Lender
TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101
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
238910 - Site Preparation Contractors
Loan Approval Date
8/21/2006
Loan Approval Gross Amount
$101,700
Loan Approval from the SBA
Of the total $101,700 loan amount, the SBA guaranteed $50,850.
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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.
Next Steps for Getting an SBA Loan
If you want money for new small business in Georgetown ME, you ought to talk with a local Georgetown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Georgetown businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Td Banknorth and they will explain how you can get an SBA loan for your company.
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:
How Equity Dilution Works
Who Lends Money to Small Businesses in Portland, Maine
Getting a Business Loan in Maine