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May 19, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Farmington, Business Loans > Franklin Savings Bank Farmington Business Loans > Building Inspection Services Loan | ||||
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SBA Loan from Franklin Savings Bank
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Business Loan from Franklin Savings Bank Given to Building Inspection Services CompanyAn SBA loan from Franklin Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dixfield (census Name For Dixf, Maine business owner got a $20,500 loan. This business knew how to go about getting a business bank loan. Based in Dixfield (census Name For Dixf, Maine, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Franklin Savings Bank, based in Farmington, Maine. SBA Loan Borrower COMPANY TYPE: BUILDING INSPECTION SERVICES SBA Loan Lender FRANKLIN 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 541350 - Building Inspection Services Loan Approval Date 2/28/2007 Loan Approval Gross Amount $20,500 Loan Approval from the SBA Of the total $20,500 loan amount, the SBA guaranteed $10,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The loan application indicated that the loan would help create 1 new job. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Franklin Savings Bank and they will explain how you can get an SBA loan for your company. 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: Find an SBA Lender in Farmington, Maine Where to Get an SBA Loan Maine
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