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May 13, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Saint Johnsbury, Business Loans > Passumpsic Savings Bank Saint Johnsbury Business Loans > Manufacturing And Industrial Building Construction Loan | ||||
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We Needed an SBA 7A Loan in Danville, Vermont and We Got One!
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Where to Get Capital for Manufacturing and Industrial Building ConstructionWith these SBA loans for manufacturing and industrial building construction, the SBA guarantees the lender that the loan will be repaid. This manufacturing and industrial building construction loan for $35,000 was given to a Vermont entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Danville, Vermont was able to borrow $35,000 from Passumpsic Savings Bank. The SBA made the loan possible by guaranteeing $17,500 of this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING AND INDUSTRIAL BUILDING CONSTRUCTION SBA Loan Lender PASSUMPSIC SAVINGS BANK 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 233310 - Manufacturing and Industrial Building Construction Loan Approval Date 11/16/2005 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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: Best Saint Johnsbury, Vermont Banks for Small Business
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