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May 18, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Lyndonville, Business Loans > Community National Bank Lyndonville Business Loans > Health And Personal Care Stores Loan | ||||
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SBA Lender Lyndonville
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Entrepreneur Works With Lyndonville, Vermont Bank to Get an SBA LoanThinking about meeting with a Lyndonville, Vermont bank about an SBA loan? Here's one Vermont business loan, issued by a Lyndonville bank, that was approved by the SBA. Applying for an SBA loan with Community National Bank worked out well for our friends at one local business in Newport, Vermont. They received an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: HEALTH AND PERSONAL CARE STORES SBA Loan Lender COMMUNITY NATIONAL BANK This lender processed this small business 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 446199 - Health and Personal Care Stores Loan Approval Date 6/10/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, where there is a will, there is a way! 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 Best Lyndonville, Vermont Banks for Small Business
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