Get an SBA Loan for Store Retailers

Looking for small business loans for store retailers? Talk to a banker who works with the SBA. This $45,000 store retailers loan was issued by a New Hampshire bank.

Getting a small business loan in Norwich, Vermont was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Ledyard National Bank, operating out of Hanover, New Hampshire. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
NORWICH, VT 05055

SBA Loan Lender

LEDYARD NATIONAL BANK
38 S MAIN ST
HANOVER, NH 03755

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

12/16/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Ledyard National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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SBA 7A Banks in Hanover, New Hampshire

SBA Lenders in New Hampshire