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May 10, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Saint Johnsbury, Business Loans > Community National Bank Saint Johnsbury Business Loans > Logging Loan | ||||
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We Needed a Small Business Loan in Orleans, Vermont and We Got One!
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Where to Get Capital for LoggingWith these small business loans for logging, the SBA guarantees the lender that the loan will be repaid. This logging loan for $137,000 was given to a Vermont entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orleans, Vermont was able to borrow $137,000 from Community National Bank. The SBA made the loan possible by guaranteeing $116,450 of this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender COMMUNITY NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 113310 - Logging Loan Approval Date 2/4/2004 Loan Approval Gross Amount $137,000 Loan Approval from the SBA Of the total $137,000 loan amount, the SBA guaranteed $116,450. 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 5 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community National Bank and they will explain how you can get an SBA loan for your company. 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: Microlending as a Small Business Funding Source Small Bank Loans in Saint Johnsbury, Vermont
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