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November 15, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Springfield, Business Loans > Connecticut River Bank National As Springfield Business Loans > Logging Loan | ||||
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Vermont SBA 7A Lenders
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Springfield, Vermont Bank Gives SBA Loan to Logging CompanyWant to talk with a Springfield, Vermont bank about a small business loan? Here's one New Hampshire business loan, issued by a Springfield bank, that was approved by the SBA. Applying for an SBA loan with Connecticut River Bank National As worked out well for our friends at one local firm in Lisbon (census Name For Lisbon, New Hampshire. They received an SBA loan for $20,000. Sweet! SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender CONNECTICUT RIVER BANK NATIONAL AS The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 4/9/2003 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $20,000. How would you spend $20,000 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: Obtaining Funding - Friends and Family Small Business Banks in Springfield, Vermont
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