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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 > Logging Loan | ||||
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How Do We Get a Business Loan in East Saint Johnsbury, Vermont?
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Loans for LoggingWith these loans for logging, the SBA guarantees the lender that the loan will be repaid. This logging loan for $15,000 was given to a Vermont entrepreneur in 2002. This company knew how to go about getting a business bank loan. Based in East Saint Johnsbury, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Passumpsic Savings Bank, based in Saint Johnsbury, Vermont. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender PASSUMPSIC SAVINGS BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 113310 - Logging Loan Approval Date 10/28/2002 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the borrowed money would help create 1 new job. Great, But How Can I Get an SBA Loan for My 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 want money to buy a franchise? 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: Determining Proper Capital Structure for a Business SBA 7A Lenders in Saint Johnsbury, Vermont
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