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May 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Ellsworth, Business Loans > Union Trust Company Ellsworth Business Loans > Drinking Places Loan | ||||
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SBA 7A Banks for Belfast Businesses
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Drinking Places Bank LoansWith these bank loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $240,000 was given to a Maine entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belfast, Maine was able to borrow $240,000 from Union Trust Company. The SBA made the loan possible by guaranteeing $120,000 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender UNION TRUST COMPANY This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 722410 - Drinking Places Loan Approval Date 12/24/2003 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $120,000. 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 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money This SBA loan was for $240,000. How would you spend $240,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Realistic Debt Financing Options
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