Orwell, Vermont Business Gets SBA-Guaranteed Funding from Franklin Savings Bank

An SBA loan from Franklin Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Orwell, Vermont business owner got a $67,500 loan.

Getting a small business loan in Orwell, Vermont was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Franklin Savings Bank, operating out of Franklin, New Hampshire. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING
ORWELL, VT 05760

SBA Loan Lender

FRANKLIN SAVINGS BANK
387 CENTRAL ST
FRANKLIN, NH 03235

This business 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

7/23/2007

Loan Approval Gross Amount

$67,500

Loan Approval from the SBA

Of the total $67,500 loan amount, the SBA guaranteed $33,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Franklin Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Advice on Getting a Small Business Loan

Find an SBA Lender in Franklin, New Hampshire

SBA Lenders in New Hampshire