Financing for Stationery, Tablet, and Related Product Manufacturing

With these loans for stationery, tablet, and related product manufacturing, the SBA guarantees the lender that the loan will be repaid. This stationery, tablet, and related product manufacturing loan for $50,000 was given to a Maine entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Biddeford (rr Name Biddeford-S, Maine was able to borrow $50,000 from Rivergreen Bank. The SBA made the loan possible by guaranteeing $25,000 of this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: STATIONERY, TABLET, AND RELATED PRODUCT MANUFACTURING
BIDDEFORD (RR NAME BIDDEFORD-S, ME 04005

SBA Loan Lender

RIVERGREEN BANK
36 PORTLAND RD
KENNEBUNK, ME 04043

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

322233 - Stationery, Tablet, and Related Product Manufacturing

Loan Approval Date

6/6/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 6 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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