Lessors of Real Estate Property Loans

With these loans for lessors of real estate property, the SBA guarantees the lender that the loan will be repaid. This lessors of real estate property loan for $40,000 was given to a Vermont entrepreneur in 2002.

Getting a small business loan in White River Junction, Vermont was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Mascoma Savings Bank, operating out of Hanover, New Hampshire. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF REAL PROPERTY
WHITE RIVER JUNCTION, VT 05001

SBA Loan Lender

MASCOMA SAVINGS BANK
80 S MAIN ST
HANOVER, NH 03755

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6519 - Lessors of Real Property

NAICS Code

531190 - Lessors of Real Estate Property

Loan Approval Date

7/25/2002

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

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