Millwork Bank Loans

Looking for bank loans for millwork? An SBA loan may be just what you've been looking for. This $50,000 millwork loan was issued by a Vermont bank.

Getting a small business loan in Richford, Vermont was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Peoples Tr Co - St. Albans, operating out of Saint Albans, Vermont. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: MILLWORK
RICHFORD, VT 05476

SBA Loan Lender

PEOPLES TR CO - ST. ALBANS
25 KINGMAN ST
SAINT ALBANS, VT 05478

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

321918 - Millwork

Loan Approval Date

2/28/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Peoples Tr Co - St. Albans so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Accountant's Role in Securing Financing

Find an SBA Lender in Saint Albans, Vermont

SBA Participating Banks in Vermont