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May 16, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Morrisville, Business Loans > Union Bank Morrisville Business Loans > Jewelry Stores Loan | ||||
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SBA Lender Stowe
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Stowe, Vermont Business Gets SBA-Guaranteed Funding from Union BankUnion Bank has a track record as a leading provider of SBA loans. Find out how this Vermont entrepreneur received an SBA loan from them. Getting a small business loan in Stowe, Vermont was an essential business goal for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Union Bank, operating out of Morrisville, Vermont. Here are the details on this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender UNION BANK The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 448310 - Jewelry Stores Loan Approval Date 7/12/2006 Loan Approval Gross Amount $50,700 Loan Approval from the SBA Of the total $50,700 loan amount, the SBA guaranteed $25,350. 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 SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Stowe or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Banks in Morrisville, Vermont
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