Loan Census Banking News and Information
December 22, 2024  
 
 
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Bar Harbor Bank Loan

 

 
Loan Census SBA Loan Info

Bar Harbor, Maine Bank Lends Money to Real Estate Agents And Brokers Company in Southwest Harbor, Maine

Want to talk with a Bar Harbor, Maine bank about an SBA loan? Here's one Maine business loan, issued by a Bar Harbor bank, that was approved by the SBA.

Applying for an SBA loan with Bar Harbor Bank & Trust worked out well for our friends at one local firm in Southwest Harbor, Maine. They received an SBA loan for $40,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS
SOUTHWEST HARBOR, ME 04679

SBA Loan Lender

BAR HARBOR BANK & TRUST
82 MAIN ST
BAR HARBOR, ME 04609

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

531210 - Real Estate Agents and Brokers

Loan Approval Date

3/8/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Famous Venture Capitalists

SBA Approved Banks in Bar Harbor, Maine

Getting an SBA Loan in Maine