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November 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Gardiner, Business Loans > Savings Bank Of Maine Gardiner Business Loans > Beauty Shops Loan | ||||
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How to Get SBA Money in Hallowell, Maine
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Hallowell, Maine Entrepreneur Gets a Small Business LoanMaineBank loans are available to Maine firms through the SBA. In this case, a Maine bank provides the loan. By giving the right information to Savings Bank Of Maine, this Hallowell, Maine 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: BEAUTY SHOPS SBA Loan Lender SAVINGS BANK OF MAINE This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 1/6/2004 Loan Approval Gross Amount $46,500 Loan Approval from the SBA Of the total $46,500 loan amount, the SBA guaranteed $39,525. 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 2 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you want money for start up 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. Related Links: Good Banks for Small Business in Gardiner, Maine
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