Lake Sunapee Bank, Fsb Gives Bank Loan to Gasoline Stations With Convenience Stores Company

Would a Vermont bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Vermont bank, which offers SBA loans to Vermont entrepreneurs.

By giving the right information to Lake Sunapee Bank, Fsb, this White River Junction, Vermont business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
WHITE RIVER JUNCTION, VT 05001

SBA Loan Lender

LAKE SUNAPEE BANK, FSB
2 PARK ST
BRANDON, VT 05733

This lender provides SBA small 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.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/21/2006

Loan Approval Gross Amount

$253,000

Loan Approval from the SBA

Of the total $253,000 loan amount, the SBA guaranteed $189,750.

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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in White River Junction or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Incubators

Best Brandon, Vermont Banks for Small Business

SBA Vermont Lenders