SBA Loan from Norway Savings Bank Helps Dentists Company

An SBA loan from Norway Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Yarmouth (census Name For Yarm, Maine business owner got a $344,000 loan.

This business knew how to go about getting a business bank loan. Based in Yarmouth (census Name For Yarm, Maine, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Norway Savings Bank, based in Norway, Maine.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
YARMOUTH (CENSUS NAME FOR YARM, ME 04096

SBA Loan Lender

NORWAY SAVINGS BANK
261 MAIN ST
NORWAY, ME 04268

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621210 - Dentists

Loan Approval Date

9/20/2005

Loan Approval Gross Amount

$344,000

Loan Approval from the SBA

Of the total $344,000 loan amount, the SBA guaranteed $172,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Norway Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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