Vermont Bank Loan Issued to Telephone Answering Services Company

Looking to get a Vermont bank loan? This Vermont entrepreneur got a bank loan, provided by a Vermont bank that works with the SBA to help small business owners.

Getting a small business loan in Middlebury, Vermont was a top priority for this loan applicant back in 2006 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: TELEPHONE ANSWERING SERVICES
MIDDLEBURY, VT 05753

SBA Loan Lender

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

The lender provided this commercial 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

561421 - Telephone Answering Services

Loan Approval Date

5/10/2006

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The SBA loan documents indicated that the loan would help generate 28 new jobs and retain 28 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company 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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $60,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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Where to Get an SBA Loan in Middlebury, Vermont

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