Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Westminster Small Businesses

 

 
Loan Census SBA Loan Info

Solid Waste Collection Bank Loans

Looking for bank loans for solid waste collection? Talk to a banker who works with the SBA. This $275,000 solid waste collection loan was issued by a Maine bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Td Banknorth, out of Portland, Maine. The loan was granted and they received $275,000 to help grow their Westminster, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
WESTMINSTER, MA 01473

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

This lender provides SBA bank 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.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $206,250.

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 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

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 Td Banknorth 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:

Banking Deregulation's Effects on Entrepreneurship

SBA Approved Banks in Portland, Maine

Maine SBA Banks