Borrowing Money for Food Manufacturing

Looking for small business loans for food manufacturing? An SBA loan may be just what you've been looking for. This $250,000 food manufacturing loan was issued by a Vermont bank.

Getting a small business loan in Lancaster (census Name For Lan, New Hampshire was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Passumpsic Savings Bank, operating out of Saint Johnsbury, Vermont. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD MANUFACTURING
LANCASTER (CENSUS NAME FOR LAN, NH 03584

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
497 RAILROAD ST
SAINT JOHNSBURY, VT 05819

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

311999 - Food Manufacturing

Loan Approval Date

3/12/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 documents indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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:

Role of Business Plan When Raising Money

SBA Approved Banks in Saint Johnsbury, Vermont

Find an SBA Lender in Vermont