Rutland, Vermont Business Gets SBA-Guaranteed Funding from Lake Sunapee Bank, Fsb

An SBA loan from Lake Sunapee Bank, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rutland, Vermont business owner got a $135,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rutland, Vermont was able to borrow $135,000 from Lake Sunapee Bank, Fsb. The SBA made the loan possible by guaranteeing $67,500 of this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
RUTLAND, VT 05744

SBA Loan Lender

LAKE SUNAPEE BANK, FSB
2 PARK ST
BRANDON, VT 05733

The lender provided this loan for a small business 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

624410 - Child Day Care Services

Loan Approval Date

1/6/2005

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $67,500.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Lake Sunapee Bank, Fsb 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:

The Friends and Family Network

SBA Banks in Brandon, Vermont

SBA Vermont Lenders