Brattleboro, Vermont Bank Lends Money to Eating Places Company in Londonderry, Vermont

Want to talk with a Brattleboro, Vermont bank about an SBA loan? Here's one Vermont business loan, issued by a Brattleboro bank, that was approved by the SBA.

Applying for an SBA loan with Brattleboro S & L Association worked out well for our friends at one local company in Londonderry, Vermont. The business was able to get an SBA loan for $88,800. Awesome!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
LONDONDERRY, VT 05148

SBA Loan Lender

BRATTLEBORO S & L ASSOCIATION
221 MAIN ST
BRATTLEBORO, VT 05301

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/2/2003

Loan Approval Gross Amount

$88,800

Loan Approval from the SBA

Of the total $88,800 loan amount, the SBA guaranteed $75,480.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company 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 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 company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Financing Your Business

SBA Approved Banks in Brattleboro, Vermont

Getting an SBA Loan in Vermont