Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Prospect, Maine

 

 
Loan Census SBA Loan Info

Small Business Loans for Scenic and Sightseeing Transportation, Water

Looking for small business loans for scenic and sightseeing transportation, water? The SBA may be the answer. This $35,000 scenic and sightseeing transportation, water loan was issued by a Maine bank.

Getting a small business loan in Prospect, Maine was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Camden National Bank, operating out of Belfast, Maine. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER TRANSPORTATION OF PASSENGERS
PROSPECT, ME 04981

SBA Loan Lender

CAMDEN NATIONAL BANK
134 MAIN ST
BELFAST, ME 04915

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4489 - Water Transportation of Passengers

NAICS Code

487210 - Scenic and Sightseeing Transportation, Water

Loan Approval Date

11/21/2001

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

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 4 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

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.

This SBA loan was for $35,000. How would you spend $35,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Microlending as a Small Business Funding Source

Small Business Banks in Belfast, Maine

Getting an SBA Loan in Maine