Norwich, Vermont Bank Gives SBA Loan to Jewelry Stores Company

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

Applying for an SBA loan with Ledyard National Bank worked out well for our friends at one local firm in Stowe, Vermont. They got an SBA loan for $115,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
STOWE, VT 05672

SBA Loan Lender

LEDYARD NATIONAL BANK
320 MAIN ST
NORWICH, VT 05055

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

11/1/2006

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $115,000 loan. Remember, things become real when you believe you can achieve them!

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:

Borrowing Money from Friends and Family

Small Business Banks in Norwich, Vermont

SBA Vermont Lenders