Where to Get Capital for In-Vitro Diagnostic Substance Manufacturing

Looking for small business loans for in-vitro diagnostic substance manufacturing? An SBA loan may be just what you've been looking for. This $150,000 in-vitro diagnostic substance manufacturing loan was issued by a Maine bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Norway Savings Bank, out of Portland, Maine. The loan was granted and they received $150,000 to help grow their Scarborough, Maine business.

SBA Loan Borrower

COMPANY TYPE: IN VITRO AND IN VIVO DIAGNOSTIC SUBSTANCES
SCARBOROUGH, ME 04074

SBA Loan Lender

NORWAY SAVINGS BANK
1200 CONGRESS ST
PORTLAND, ME 04102

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2835 - In Vitro and In Vivo Diagnostic Substances

NAICS Code

325413 - In-Vitro Diagnostic Substance Manufacturing

Loan Approval Date

6/16/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 6 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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:

Investor Turnoffs

Good Banks for Small Business in Portland, Maine

Getting an SBA Loan in Maine