Maine Small Business Loan Issued to Special Trade Contractors Company
Looking to get a Maine business loan? This Maine entrepreneur got a business loan, provided by a Maine bank that works with the SBA to help small business owners.
This company, based in Lewiston, Maine, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Norway Savings Bank. We've got the inside scoop on this Maine small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIAL TRADE CONTRACTORS
LEWISTON, ME 04240
SBA Loan Lender
NORWAY SAVINGS BANK
120 EXCHANGE ST
PORTLAND, ME 04101
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1799 - Special Trade Contractors
NAICS Code
562910 - Remediation Services
Loan Approval Date
2/6/2001
Loan Approval Gross Amount
$645,000
Loan Approval from the SBA
Of the total $645,000 loan amount, the SBA guaranteed $483,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 30 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
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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