Borrowing Money for Men's and Boys' Cut and Sew Apparel Contractors

Looking for loans for men's and boys' cut and sew apparel contractors? Try the SBA. This $488,000 men's and boys' cut and sew apparel contractors loan was issued by a Vermont bank.

This small firm knew how to go about getting a business bank loan. Based in Morrisville, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Td Banknorth, based in Saint Albans, Vermont.

SBA Loan Borrower

COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW APPAREL CONTRACTORS
MORRISVILLE, VT 05661

SBA Loan Lender

TD BANKNORTH
8 N MAIN ST
SAINT ALBANS, VT 05478

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

315211 - Men's and Boys' Cut and Sew Apparel Contractors

Loan Approval Date

12/18/2001

Loan Approval Gross Amount

$488,000

Loan Approval from the SBA

Of the total $488,000 loan amount, the SBA guaranteed $366,000.

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 130 employees. The SBA loan application for the borrower indicated that the loan would help retain 135 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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Who Lends Money to Small Businesses in Saint Albans, Vermont

Getting an SBA Loan in Vermont