Spruce Head, Maine Entrepreneur Gets a Business Loan
MaineSBA loans are available to Maine entrepreneurs through the SBA. In this case, a Virginia bank provides the loan.
Getting a small business loan in Spruce Head, Maine was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this Maine small business loan.
SBA Loan Borrower
COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION
SPRUCE HEAD, ME 04859
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
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
237990 - Heavy and Civil Engineering Construction
Loan Approval Date
5/11/2006
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $25,000 loan. Remember, where there is a will, there is a way!
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:
Business Credit Evaluation
SBA Banks in Mclean, Virginia
SBA Lenders in Virginia