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May 17, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > Sign Manufacturing Loan | ||||
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How Hard Is It to Get a Small Business Loan in Bangor, Maine?
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SBA Loans for Sign ManufacturingLooking for SBA loans for sign manufacturing? Try the SBA. This $210,000 sign manufacturing loan was issued by a Maine bank. This small business knew how to go about getting a business bank loan. Based in Bangor, Maine, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Td Banknorth, based in Portland, Maine. SBA Loan Borrower COMPANY TYPE: SIGN MANUFACTURING SBA Loan Lender TD BANKNORTH SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339950 - Sign Manufacturing Loan Approval Date 11/3/2006 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Td Banknorth and they will explain how you can get an SBA loan for your company. 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: Dealing With Venture Capitalists SBA Participating Banks in Portland, Maine
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