Loans for Video Tape and Disc Rental

With these loans for video tape and disc rental, the SBA guarantees the lender that the loan will be repaid. This video tape and disc rental loan for $166,500 was given to a Maine entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in Limerick, Maine, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Sanford Institution For Saving, based in Sanford, Maine.

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE RENTAL
LIMERICK, ME 04048

SBA Loan Lender

SANFORD INSTITUTION FOR SAVING
900 MAIN ST
SANFORD, ME 04073

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business 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

7841 - Video Tape Rental

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

10/13/2000

Loan Approval Gross Amount

$166,500

Loan Approval from the SBA

Of the total $166,500 loan amount, the SBA guaranteed $124,875.

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 6 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Limerick ME, you ought to talk with a local Limerick SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Limerick businesses.

This SBA loan was for $166,500. How would you spend $166,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Art of Bootstrapping

SBA 7A Banks in Sanford, Maine

Getting a Business Loan in Maine