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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Saint Johnsbury, Business Loans > Passumpsic Savings Bank Saint Johnsbury Business Loans > Poured Concrete Foundation And Structure Contractors Loan | ||||
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Saint Johnsbury Lenders
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Saint Johnsbury, Vermont Bank Gives SBA Loan to Poured Concrete Foundation And Structure Contractors CompanyWant to talk with a Saint Johnsbury, Vermont bank about an SBA loan? Here's one Vermont business loan, issued by a Saint Johnsbury bank, that was approved by the SBA. Applying for an SBA loan with Passumpsic Savings Bank worked out well for our friends at one local business in Lyndonville, Vermont. The business was able to get an SBA loan for $45,200. Great job! SBA Loan Borrower COMPANY TYPE: POURED CONCRETE FOUNDATION AND STRUCTURE CONTRACTORS SBA Loan Lender PASSUMPSIC SAVINGS BANK The lender provided this 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 238110 - Poured Concrete Foundation and Structure Contractors Loan Approval Date 8/27/2007 Loan Approval Gross Amount $45,200 Loan Approval from the SBA Of the total $45,200 loan amount, the SBA guaranteed $22,600. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in 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. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: Obtaining Funding - How to Decide How Much to Raise Where to Get an SBA Loan in Saint Johnsbury, Vermont
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