Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

We Needed a Commercial Loan in St. Johnsbury, Vermont and We Got One!

 

 
Loan Census SBA Loan Info

Raising Money for Glass and Glazing Contractors

Looking for business loans for glass and glazing contractors? Talk to a banker who works with the SBA. This $20,000 glass and glazing contractors loan was issued by a Vermont bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Passumpsic Savings Bank, out of Saint Johnsbury, Vermont. The loan was granted and they received $20,000 to help grow their St. Johnsbury, Vermont business.

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING CONTRACTORS
ST. JOHNSBURY, VT 05819

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
497 RAILROAD ST
SAINT JOHNSBURY, VT 05819

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

235920 - Glass and Glazing Contractors

Loan Approval Date

10/20/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Obtaining Funding - How to Decide How Much to Raise

Small Business Banks in Saint Johnsbury, Vermont

Getting an SBA Loan in Vermont