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November 14, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Bangor, Business Loans > Bangor Savings Bank Bangor Business Loans > Veterinary Services Loan | ||||
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Banks in Bangor, Maine That Make SBA Loans
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Entrepreneur Works With Bangor, Maine Bank to Get an SBA LoanThinking about meeting with a Bangor, Maine bank about a business loan? Here's one Maine business loan, issued by a Bangor bank, that was approved by the SBA. Applying for an SBA loan with Bangor Savings Bank worked out well for our friends at one local firm in Skowhegan (census Name For Sko, Maine. The business was able to get an SBA loan for $204,500. Way to go! SBA Loan Borrower COMPANY TYPE: VETERINARY SERVICES SBA Loan Lender BANGOR SAVINGS BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541940 - Veterinary Services Loan Approval Date 10/26/2005 Loan Approval Gross Amount $204,500 Loan Approval from the SBA Of the total $204,500 loan amount, the SBA guaranteed $153,375. 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 only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bangor Savings Bank and they will explain how you can get an SBA loan for your company. 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: SBA Participating Banks in Bangor, Maine
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