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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > South Burlington, Business Loans > The Merchants Bank South Burlington Business Loans > Furniture Stores Loan | ||||
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SBA Lender South Burlington
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South Burlington, Vermont Lender Lends Money to Furniture Stores CompanyWant 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 SBA Loan Lender THE MERCHANTS BANK 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
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