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December 18, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Middlebury, Business Loans > National Bank Of Middlebury Middlebury Business Loans > Paint And Wallpaper Stores Loan | ||||
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How Do We Get a Business Loan in Middlebury, Vermont?
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Commercial Loans for Paint and Wallpaper StoresWith these commercial loans for paint and wallpaper stores, the SBA guarantees the lender that the loan will be repaid. This paint and wallpaper stores loan for $50,000 was given to a Vermont entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Middlebury, Vermont was able to borrow $50,000 from National Bank Of Middlebury. The SBA made the loan possible by guaranteeing $25,000 of this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: PAINT AND WALLPAPER STORES SBA Loan Lender NATIONAL BANK OF MIDDLEBURY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 444120 - Paint and Wallpaper Stores Loan Approval Date 12/2/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Small Business Banks in Middlebury, Vermont
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