Borrowing Money for Industrial and Commercial Fan and Blower Manufacturing

Looking for loans for industrial and commercial fan and blower manufacturing? Talk to a banker who works with the SBA. This $250,000 industrial and commercial fan and blower manufacturing loan was issued by a Maine bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Td Banknorth, out of Portland, Maine. The loan was granted and they received $250,000 to help grow their Sherborn, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL AND COMMERCIAL FAN AND BLOWER MANUFACTURING
Sherborn, MA 01770

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

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

333412 - Industrial and Commercial Fan and Blower Manufacturing

Loan Approval Date

7/25/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

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

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Td Banknorth and they will explain how you can get an SBA loan for your company.

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

SBA Approved Banks in Portland, Maine

Getting an SBA Loan in Maine