Bank Loans for Testing Laboratories

With these bank loans for testing laboratories, the SBA guarantees the lender that the loan will be repaid. This testing laboratories loan for $114,400 was given to a Maine entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Windham, Maine was able to borrow $114,400 from Norway Savings Bank. The SBA made the loan possible by guaranteeing $97,240 of this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: TESTING LABORATORIES
WINDHAM, ME 04062

SBA Loan Lender

NORWAY SAVINGS BANK
1200 CONGRESS ST
PORTLAND, ME 04102

This lender issued this particular 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

8734 - Testing Laboratories

NAICS Code

541380 - Testing Laboratories

Loan Approval Date

6/12/2002

Loan Approval Gross Amount

$114,400

Loan Approval from the SBA

Of the total $114,400 loan amount, the SBA guaranteed $97,240.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $114,400 loan. Remember, anyone can do it... so why not you?

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:

Direct Public Offerings

Who Lends Money to Small Businesses in Portland, Maine

Maine SBA Banks