SBA Loan from Kennebunk Savings Bank Helps Concrete Work Company
Kennebunk Savings Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Maine entrepreneur who tapped into the power of SBA loans.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wells (rr Name Wells Beach (st, Maine was able to borrow $256,000 from Kennebunk Savings Bank. The SBA made the loan possible by guaranteeing $192,000 of this Maine small business loan.
SBA Loan Borrower
COMPANY TYPE: CONCRETE WORK
WELLS (RR NAME WELLS BEACH (ST, ME 04090
SBA Loan Lender
KENNEBUNK SAVINGS BANK
104 MAIN ST
KENNEBUNK, ME 04043
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1771 - Concrete Work
Loan Approval Date
3/15/2000
Loan Approval Gross Amount
$256,000
Loan Approval from the SBA
Of the total $256,000 loan amount, the SBA guaranteed $192,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
The Friends and Family Network
SBA Banks in Kennebunk, Maine
Where to Get an SBA Loan Maine