Where to Get Capital for Personal Services

Looking for SBA loans for personal services? The SBA may be the answer. This $6,500 personal services loan was issued by a Vermont bank.

Getting a small business loan in Ludlow, Vermont was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Berkshire Bank, operating out of Manchester Center, Vermont. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
LUDLOW, VT 05149

SBA Loan Lender

BERKSHIRE BANK
4928 MAIN ST
MANCHESTER CENTER, VT 05255

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

812990 - Personal Services

Loan Approval Date

4/18/2005

Loan Approval Gross Amount

$6,500

Loan Approval from the SBA

Of the total $6,500 loan amount, the SBA guaranteed $3,250.

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 retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Berkshire Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Bank Credit Lines

Small Bank Loans in Manchester Center, Vermont

Find an SBA Lender in Vermont