Small Business Loans for Specialized Local Freight Trucking

Looking for small business loans for specialized local freight trucking? Try the SBA. This $57,600 specialized local freight trucking loan was issued by a Maine bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Androscoggin Savings Bank, out of Lewiston, Maine. The loan was granted and they received $57,600 to help grow their Norway (census Name For Norway, Maine business.

SBA Loan Borrower

COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING
NORWAY (CENSUS NAME FOR NORWAY, ME 04268

SBA Loan Lender

ANDROSCOGGIN SAVINGS BANK
30 LISBON ST
LEWISTON, ME 04240

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

484220 - Specialized Local Freight Trucking

Loan Approval Date

3/21/2006

Loan Approval Gross Amount

$57,600

Loan Approval from the SBA

Of the total $57,600 loan amount, the SBA guaranteed $28,800.

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 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 5 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 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.

Related Links:

Equity Financing

SBA 7A Banks for Lewiston, Maine Loans

Getting a Business Loan in Maine