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November 22, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > Showcase, Partition, Shelving, And Locker Manufacturing Loan | ||||
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Raising Money in Sharon, Vermont With SBA Loans
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Vermont Bank Loan Issued to Showcase, Partition, Shelving, And Locker Manufacturing CompanyLooking to get a Vermont business loan? This Vermont entrepreneur got a business loan, provided by a New Jersey bank that works with the SBA to help small business owners. Getting a small business loan in Sharon, Vermont was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Unity Bank. Here are the details on this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: SHOWCASE, PARTITION, SHELVING, AND LOCKER MANUFACTURING SBA Loan Lender UNITY BANK This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337215 - Showcase, Partition, Shelving, and Locker Manufacturing Loan Approval Date 4/3/2006 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $240,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Unity Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Dealing With Venture Capitalists Find an SBA Lender in Clinton, New Jersey
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