Chittenden Trust Company Gives SBA Loan to Store Retailers Company

VermontSBA loans are available to Vermont entrepreneurs through the SBA. In this case, a Vermont bank provides the loan.

Getting a small business loan in Vergennes, Vermont was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Chittenden Trust Company. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
VERGENNES, VT 05491

SBA Loan Lender

CHITTENDEN TRUST COMPANY
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

453998 - Store Retailers

Loan Approval Date

2/12/2001

Loan Approval Gross Amount

$36,700

Loan Approval from the SBA

Of the total $36,700 loan amount, the SBA guaranteed $18,350.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Chittenden Trust Company 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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