Commercial Loans for Farm Supplies Wholesalers

Looking for commercial loans for farm supplies wholesalers? Try the SBA. This $1,000,000 farm supplies wholesalers loan was issued by a New Hampshire bank.

This business knew how to go about getting a business bank loan. Based in Lyndonville, Vermont, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Connecticut River Bank National As, based in Littleton, New Hampshire.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES WHOLESALERS
LYNDONVILLE, VT 05851

SBA Loan Lender

CONNECTICUT RIVER BANK NATIONAL AS
8 MAIN ST
LITTLETON, NH 03561

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

2/6/2002

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

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 22 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Lyndonville VT, you ought to talk with a local Lyndonville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lyndonville businesses.

We can help you find the best banks for small businesses in Lyndonville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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