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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Derby, Business Loans > Community National Bank Derby Business Loans > Trucking Loan | ||||
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Vermont Small Business Loans from Community National Bank
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Community National Bank SBA Loan to Trucking CompanyAn SBA loan from Community National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Orleans, Vermont business owner got a $435,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orleans, Vermont was able to borrow $435,000 from Community National Bank. The SBA made the loan possible by guaranteeing $326,250 of this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender COMMUNITY NATIONAL BANK 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 4213 - Trucking NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 6/13/2001 Loan Approval Gross Amount $435,000 Loan Approval from the SBA Of the total $435,000 loan amount, the SBA guaranteed $326,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: How Much Venture Capital Is There? SBA Participating Banks in Derby, Vermont
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