Borrowing Money for Logging

Looking for loans for logging? The SBA may be the answer. This $96,300 logging loan was issued by a Vermont bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lancaster, New Hampshire was able to borrow $96,300 from Connecticut River Bank National As. The SBA made the loan possible by guaranteeing $48,150 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
LANCASTER, NH 03584

SBA Loan Lender

CONNECTICUT RIVER BANK NATIONAL AS
270 RIVER ST
SPRINGFIELD, VT 05156

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

113310 - Logging

Loan Approval Date

5/10/2005

Loan Approval Gross Amount

$96,300

Loan Approval from the SBA

Of the total $96,300 loan amount, the SBA guaranteed $48,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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