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November 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Manchester Center, Business Loans > Berkshire Bank Manchester Center Business Loans > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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SBA Lender West Pawlet, Vermont
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SBA Loan from Berkshire Bank Helps Plumbing, Heating, And Air-Conditioning Contractors CompanyAn SBA loan from Berkshire Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a West Pawlet, Vermont business owner got a $25,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Pawlet, Vermont was able to borrow $25,000 from Berkshire Bank. The SBA made the loan possible by guaranteeing $12,500 of this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender BERKSHIRE BANK This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 3/2/2005 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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $25,000 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in Manchester Center, Vermont Browse All Business Loan Sources for Vermont
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