Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Portland, Maine

 

 
Loan Census SBA Loan Info

Small Business Loans for Site Preparation Contractors

Looking for small business loans for site preparation contractors? Talk to a banker who works with the SBA. This $130,000 site preparation contractors 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 Norway Savings Bank, out of Norway, Maine. The loan was granted and they received $130,000 to help grow their Portland, Maine business.

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
PORTLAND, ME 04104

SBA Loan Lender

NORWAY SAVINGS BANK
261 MAIN ST
NORWAY, ME 04268

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

238910 - Site Preparation Contractors

Loan Approval Date

1/18/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $65,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. This SBA loan request indicated that the loan would help retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

Banks in Norway, Maine

SBA Lenders in Maine