Getting an SBA Loan for Totalizing Fluid Meter and Counting Device Manufacturing

Looking for business loans for totalizing fluid meter and counting device manufacturing? The SBA may be the answer. This $100,000 totalizing fluid meter and counting device manufacturing loan was issued by a Maine bank.

Getting a small business loan in So. Portland, Maine was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Maine Bank & Trust Company, operating out of Portland, Maine. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: TOTALIZING FLUID METERS AND COUNTING DEVICES
SO. PORTLAND, ME 04106

SBA Loan Lender

MAINE BANK & TRUST COMPANY
467 CONGRESS ST
PORTLAND, ME 04104

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3824 - Totalizing Fluid Meters and Counting Devices

NAICS Code

334514 - Totalizing Fluid Meter and Counting Device Manufacturing

Loan Approval Date

1/7/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. The SBA loan documents 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?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in So. Portland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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