Financing for Musical Instrument Manufacturing
Looking for loans for musical instrument manufacturing? Talk to a banker who works with the SBA. This $40,000 musical instrument manufacturing loan was issued by a Maine bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lewiston, Maine was able to borrow $40,000 from Td Banknorth. The SBA made the loan possible by guaranteeing $20,000 of this Maine small business loan.
SBA Loan Borrower
COMPANY TYPE: MUSICAL INSTRUMENT MANUFACTURING
LEWISTON, ME 04240
SBA Loan Lender
TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101
This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
339992 - Musical Instrument Manufacturing
Loan Approval Date
5/7/2004
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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