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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > South Burlington, Business Loans > The Merchants Bank South Burlington Business Loans > Specialized Local Freight Trucking Loan | ||||
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Vermont Bank SBA Loans
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Business Loan from The Merchants Bank Given to Specialized Local Freight Trucking CompanyAn SBA loan from The Merchants Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Underhill (underhill Flats), Vermont business owner got a $202,500 loan. This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Merchants Bank, out of South Burlington, Vermont. The loan was granted and they received $202,500 to help grow their Underhill (underhill Flats), Vermont business. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender THE MERCHANTS BANK The lender provided this small business 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 484220 - Specialized Local Freight Trucking Loan Approval Date 8/20/2003 Loan Approval Gross Amount $202,500 Loan Approval from the SBA Of the total $202,500 loan amount, the SBA guaranteed $101,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Where to Get an SBA Loan in South Burlington, Vermont
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