Loan Census Banking News and Information
December 18, 2024  
 
 
  Business Loan Information  
 

SBA Lender South Burlington

 

 
Loan Census SBA Loan Info

South Burlington, Vermont Lender Lends Money to Furniture Stores Company

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

Applying for an SBA loan with The Merchants Bank worked out well for our friends at one local firm in Manchester, Vermont. The business was able to get an SBA loan for $301,700. Great job!

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
MANCHESTER, VT 05255

SBA Loan Lender

THE MERCHANTS BANK
275 KENNEDY DR
SOUTH BURLINGTON, VT 05403

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

8/22/2005

Loan Approval Gross Amount

$301,700

Loan Approval from the SBA

Of the total $301,700 loan amount, the SBA guaranteed $226,275.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Merchants Bank and they will explain how you can get an SBA loan for your company.

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:

Accountant's Role in Securing Financing

SBA 7A Banks for South Burlington, Vermont Loans

Vermont SBA 7A Lenders