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May 12, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > South Portland, Business Loans > Keybank National Association South Portland Business Loans > Plumbing, Heating, And Air-Conditioning Loan | ||||
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Small Business Banks in Maine
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Commercial Loans for Plumbing, Heating, and Air Conditioning ContractorsLooking for commercial loans for plumbing, heating, and air conditioning contractors? Try the SBA. This $205,000 plumbing, heating, and air conditioning contractors loan was issued by a Maine bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waterville, Maine was able to borrow $205,000 from Keybank National Association. The SBA made the loan possible by guaranteeing $153,750 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING SBA Loan Lender KEYBANK NATIONAL ASSOCIATION This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1711 - Plumbing, Heating, and Air-Conditioning NAICS Code 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 1/19/2000 Loan Approval Gross Amount $205,000 Loan Approval from the SBA Of the total $205,000 loan amount, the SBA guaranteed $153,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $205,000. How would you spend $205,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Best Banks for Small Business in South Portland, Maine Getting a Business Loan in Maine
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