Capital One Gives SBA Loan to New Housing Operative Builders Company
Business loans in Maine are tough to come by these days. We take a look at one Maine business loan, provided by a Virginia bank, that was approved by the SBA.
Getting a small business loan in Lewiston, Maine was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this Maine small business loan.
SBA Loan Borrower
COMPANY TYPE: NEW HOUSING OPERATIVE BUILDERS
LEWISTON, ME 04240
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This business 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
236117 - New Housing Operative Builders
Loan Approval Date
4/21/2003
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $17,500.
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. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Lewiston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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