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December 22, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Farmington, Business Loans > Franklin Savings Bank Farmington Business Loans > General Long-Distance Freight Trucking Loan | ||||
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Raising Money in New Sharon, Maine With SBA Loans
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Maine SBA Loan Issued to General Long-Distance Freight Trucking CompanyMaineSmall business loans are available to Maine small business owners through the SBA. In this case, a Maine bank provides the loan. You can learn something about getting a small business loan in New Sharon, Maine by studying this loan to a local company, made back in 2004. Banks like Franklin Savings Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender FRANKLIN SAVINGS BANK 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 484121 - General Long-Distance Freight Trucking Loan Approval Date 6/1/2004 Loan Approval Gross Amount $36,400 Loan Approval from the SBA Of the total $36,400 loan amount, the SBA guaranteed $18,200. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Where to Get an SBA Loan in Farmington, Maine
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