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November 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Biddeford, Business Loans > Pepperell Bank & Trust Biddeford Business Loans > Hotels And Motels Loan | ||||
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Maine Bank SBA Loans
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Pepperell Bank & Trust SBA Loan to Hotels And Motels CompanyWant a Maine business loan? Here's one Maine business loan that was approved by the SBA. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Pepperell Bank & Trust, out of Biddeford, Maine. The loan was granted and they received $520,000 to help grow their Old Orchard Beach, Maine business. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender PEPPERELL BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 6/5/2000 Loan Approval Gross Amount $520,000 Loan Approval from the SBA Of the total $520,000 loan amount, the SBA guaranteed $390,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in Biddeford, Maine Browse All Business Loan Sources for Maine
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