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November 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Biddeford, Business Loans > Pepperell Bank & Trust Biddeford Business Loans > Hotels And Motels Loan | ||||
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Maine SBA Loan from Pepperell Bank & Trust
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Pepperell Bank & Trust SBA Loan to Hotels And Motels CompanyPepperell Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Maine entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saco, Maine was able to borrow $282,000 from Pepperell Bank & Trust. The SBA made the loan possible by guaranteeing $211,500 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender PEPPERELL BANK & TRUST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/30/2001 Loan Approval Gross Amount $282,000 Loan Approval from the SBA Of the total $282,000 loan amount, the SBA guaranteed $211,500. 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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $282,000 loan. Remember, if it to be, it is up to me! 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:
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