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May 19, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Damariscotta, Business Loans > First Damariscotta Business Loans > Floor Laying And Other Floor Work Loan | ||||
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Raising Money in Damariscotta, Maine With SBA Loans
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Commercial Loans for Floor Laying and Floor ContractorsLooking for commercial loans for floor laying and floor contractors? The SBA may be the answer. This $57,000 floor laying and floor contractors loan was issued by a Maine bank. This business knew how to go about getting a business bank loan. Based in Damariscotta, Maine, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First, based in Damariscotta, Maine. SBA Loan Borrower COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK SBA Loan Lender FIRST This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1752 - Floor Laying and Other Floor Work NAICS Code 235520 - Floor Laying and Floor Contractors Loan Approval Date 12/20/2000 Loan Approval Gross Amount $57,000 Loan Approval from the SBA Of the total $57,000 loan amount, the SBA guaranteed $45,600. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks in Damariscotta, Maine
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