Lyndonville, Vermont Business Gets SBA-Guaranteed Funding from Passumpsic Savings Bank

An SBA loan from Passumpsic Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lyndonville, Vermont business owner got a $125,000 loan.

Getting a small business loan in Lyndonville, Vermont was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Passumpsic Savings Bank, operating out of Saint Johnsbury, Vermont. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURED HOME DEALERS
LYNDONVILLE, VT 05851

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
497 RAILROAD ST
SAINT JOHNSBURY, VT 05819

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

453930 - Manufactured Home Dealers

Loan Approval Date

6/8/2005

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $62,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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