Maine Bank & Trust Company Provides SBA Loan to Buy Premier Rental Purchase Franchise

Need money to purchase a Premier Rental Purchase franchise? Maine Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Premier Rental Purchase franchise? If so, here's a 2007 SBA franchise loan that you should know about. Maine Bank & Trust Company was the lender and the entrepreneur was based in Westbrook, Maine.

SBA Loan Borrower

PREMIER RENTAL PURCHASE
WESTBROOK, ME 04092

SBA Loan Lender

MAINE BANK & TRUST COMPANY
790 MAIN ST
WESTBROOK, ME 04098

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532210 - Consumer Electronics and Appliances Rental

Loan Approval Date

6/6/2007

Loan Approval Gross Amount

$480,000

Loan Approval from the SBA

Of the total $480,000 loan amount, the SBA guaranteed $360,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Premier Rental Purchase franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Westbrook ME, you ought to talk with a local Westbrook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Westbrook businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Maine Bank & Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Premier Rental Purchase

Advice on Getting a Small Business Loan

Who Lends Money to Small Businesses in Westbrook, Maine

Maine SBA 7A Banks