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May 2, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Burlington, Business Loans > Chittenden Trust Company Burlington Business Loans > General Line Grocery Merchant Wholesalers Loan | ||||
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Business Loans for Worcester Businesses
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General Line Grocery Merchant Wholesalers Bank LoansLooking for bank loans for general line grocery merchant wholesalers? The SBA may be the answer. This $1,430,000 general line grocery merchant wholesalers loan was issued by a Vermont bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Worcester, Massachusetts was able to borrow $1,430,000 from Chittenden Trust Company. The SBA made the loan possible by guaranteeing $1,287,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LINE GROCERY MERCHANT WHOLESALERS SBA Loan Lender CHITTENDEN TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424410 - General Line Grocery Merchant Wholesalers Loan Approval Date 10/28/2005 Loan Approval Gross Amount $1,430,000 Loan Approval from the SBA Of the total $1,430,000 loan amount, the SBA guaranteed $1,287,000. 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 4 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $1,430,000. How would you spend $1,430,000 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: Raising VC Money for Social Networking Companies SBA Approved Banks in Burlington, Vermont
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