National Bank Of Middlebury SBA Loan to General Merchandise Stores Company

Searching for a Vermont business loan? Here's one Vermont business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Vergennes, Vermont, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was National Bank Of Middlebury, based in Middlebury, Vermont.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
VERGENNES, VT 05491

SBA Loan Lender

NATIONAL BANK OF MIDDLEBURY
30-32 MAIN ST
MIDDLEBURY, VT 05753

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

Loan Approval Date

4/25/2000

Loan Approval Gross Amount

$48,050

Loan Approval from the SBA

Of the total $48,050 loan amount, the SBA guaranteed $38,440.

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 5 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

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