Brattleboro, Vermont Bank Gives SBA Loan to General Automotive Repair Company

Thinking about meeting with a Brattleboro, Vermont bank about a small business loan? Here's one New Hampshire business loan, issued by a Brattleboro bank, that was approved by the SBA.

Applying for an SBA loan with Brattleboro S & L Association worked out well for our friends at one local firm in Hinsdale, New Hampshire. They got an SBA loan for $253,800. Way to go!

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
HINSDALE, NH 03451

SBA Loan Lender

BRATTLEBORO S & L ASSOCIATION
221 MAIN ST
BRATTLEBORO, VT 05301

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

811111 - General Automotive Repair

Loan Approval Date

6/14/2005

Loan Approval Gross Amount

$253,800

Loan Approval from the SBA

Of the total $253,800 loan amount, the SBA guaranteed $126,900.

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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Hinsdale NH, you ought to talk with a local Hinsdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hinsdale businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Raising Venture Capital

Best Banks in Brattleboro, Vermont

SBA Lenders in Vermont