National Bank Of Middlebury Gives Bank Loan to Shoe Stores Company

Business loans in Vermont are hard to find these days. We take a look at one Vermont business loan, provided by a Vermont bank, that was approved by the SBA.

Getting a small business loan in Middlebury, Vermont was a top priority for this SBA-financed company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from National Bank Of Middlebury. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: SHOE STORES
MIDDLEBURY, VT 05753

SBA Loan Lender

NATIONAL BANK OF MIDDLEBURY
30-32 MAIN ST
MIDDLEBURY, VT 05753

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

448210 - Shoe Stores

Loan Approval Date

11/5/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Middlebury VT, you ought to talk with a local Middlebury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Middlebury businesses.

This SBA loan was for $30,000. How would you spend $30,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 - Friends and Family

Where to Get an SBA Loan in Middlebury, Vermont

Vermont SBA Bank Lenders