Lyndonville, Vermont Bank Lends Money to Testing Laboratories Company in St. Johnsbury, Vermont

Want to talk with a Lyndonville, Vermont bank about a small business loan? Here's one Vermont business loan, issued by a Lyndonville bank, that was approved by the SBA.

Applying for an SBA loan with Community National Bank worked out well for our friends at one local business in St. Johnsbury, Vermont. They received an SBA loan for $10,000. Nice!

SBA Loan Borrower

COMPANY TYPE: TESTING LABORATORIES
ST. JOHNSBURY, VT 05819

SBA Loan Lender

COMMUNITY NATIONAL BANK
1033 BROAD ST
LYNDONVILLE, VT 05851

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

541380 - Testing Laboratories

Loan Approval Date

9/9/2004

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in St. Johnsbury VT, you ought to talk with a local St. Johnsbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Johnsbury businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Community National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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