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November 21, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > Logging Loan | ||||
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How to Get SBA Loans in Washburn (census Name For Wash, Maine
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Bank Loans for LoggingLooking for bank loans for logging? The SBA may be the answer. This $59,000 logging loan was issued by a Maine bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Washburn (census Name For Wash, Maine was able to borrow $59,000 from Td Banknorth. The SBA made the loan possible by guaranteeing $29,500 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender TD BANKNORTH The lender provided this bank 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 113310 - Logging Loan Approval Date 10/31/2003 Loan Approval Gross Amount $59,000 Loan Approval from the SBA Of the total $59,000 loan amount, the SBA guaranteed $29,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $59,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Portland, Maine
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