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.
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