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May 19, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Farmington, Business Loans > Franklin Savings Bank Farmington Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Farmington, Maine SBA Banks
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Entrepreneur Works With Farmington, Maine Bank to Get an SBA LoanA Farmington, Maine small business loan can be yours. Learn how a company got a $237,100 business loan from this Maine bank. This loan to a local firm is a good example of an SBA loan. Franklin Savings Bank made the loan and the SBA guaranteed a portion of the loan. Many other Maine entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender FRANKLIN SAVINGS BANK This lender processed this 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 12/23/2004 Loan Approval Gross Amount $237,100 Loan Approval from the SBA Of the total $237,100 loan amount, the SBA guaranteed $118,550. 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 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Franklin Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks in Farmington, Maine
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