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November 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Farmington, Business Loans > Franklin Savings Bank Farmington Business Loans > Personal Care Services Loan | ||||
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SBA Lenders Maine
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Farmington, Maine Bank Gives SBA Loan to Personal Care Services CompanyA Farmington, Maine SBA loan can be yours. Learn how a company got a $75,500 business loan from this Maine bank. This loan to an entrepreneur is a good example of an SBA loan. Franklin Savings Bank made the loan and the SBA guaranteed a portion of the loan. Many other Maine entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender FRANKLIN SAVINGS BANK The lender provided this SBA bank 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 812199 - Personal Care Services Loan Approval Date 10/14/2004 Loan Approval Gross Amount $75,500 Loan Approval from the SBA Of the total $75,500 loan amount, the SBA guaranteed $37,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 5 employees. This SBA loan request indicated that the borrowed money would help create 5 new jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Franklin Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Banks for Farmington, Maine Loans
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