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November 24, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Kennebunk, Business Loans > Kennebunk Savings Bank Kennebunk Business Loans > Full-Service Restaurants Loan | ||||
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SBA Loan from Kennebunk Savings Bank
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SBA Loan from Kennebunk Savings Bank Helps Full-Service Restaurants CompanyAn SBA loan from Kennebunk Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wells (rr Name Wells Beach (st, Maine business owner got a $25,000 loan. 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 $25,000 from Kennebunk Savings Bank. The SBA made the loan possible by guaranteeing $12,500 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender KENNEBUNK SAVINGS BANK The lender provided this 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 722110 - Full-Service Restaurants Loan Approval Date 1/19/2001 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Kennebunk Savings Bank and they will explain how you can get an SBA loan for your company. 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: Best Kennebunk, Maine Banks for Small Business
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