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May 17, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Sanford, Business Loans > Sanford Institution For Saving Sanford Business Loans > Grocery Stores Loan | ||||
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Maine SBA Banks
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Sanford, Maine Bank Lends Money to Grocery Stores Company in E. Waterboro, MaineThinking about meeting with a Sanford, Maine bank about a small business loan? Here's one Maine business loan, issued by a Sanford bank, that was approved by the SBA. Applying for an SBA loan with Sanford Institution For Saving worked out well for our friends at one local company in E. Waterboro, Maine. The business was able to get an SBA loan for $625,000. Awesome! SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender SANFORD INSTITUTION FOR SAVING SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445120 - Convenience Stores Loan Approval Date 10/18/2001 Loan Approval Gross Amount $625,000 Loan Approval from the SBA Of the total $625,000 loan amount, the SBA guaranteed $312,500. 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. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $625,000. How would you spend $625,000 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: Borrowing Money from Friends and Family Best Banks for Small Business in Sanford, Maine
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