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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Burlington, Business Loans > Chittenden Trust Company Burlington Business Loans > Sewing, Needlework, And Piece Goods Stores Loan | ||||
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How to Get SBA Money in Newport, Vermont
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Newport, Vermont Entrepreneur Gets an SBA LoanVermontBusiness loans are available to Vermont business owners through the SBA. In this case, a Vermont bank provides the loan. Getting a small business loan in Newport, 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 Chittenden Trust Company. Here are the details on this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES SBA Loan Lender CHITTENDEN TRUST COMPANY This commercial loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451130 - Sewing, Needlework, and Piece Goods Stores Loan Approval Date 1/2/2003 Loan Approval Gross Amount $355,000 Loan Approval from the SBA Of the total $355,000 loan amount, the SBA guaranteed $266,250. 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 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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: Small Bank Loans in Burlington, Vermont
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