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May 18, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Ellsworth, Business Loans > Union Trust Company Ellsworth Business Loans > Perishable Prepared Food Manufacturing Loan | ||||
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ME Small Business Loans from Union Trust Company
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Business Loan from Union Trust Company Given to Perishable Prepared Food Manufacturing CompanyUnion Trust Company and the SBA work together to get business loans for growing small businesses. Here's an example of how a Maine entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Bar Harbor (census Name For Ba, Maine was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Union Trust Company, operating out of Ellsworth, Maine. Here are the details on this Maine small business loan. SBA Loan Borrower COMPANY TYPE: PERISHABLE PREPARED FOOD MANUFACTURING SBA Loan Lender UNION TRUST COMPANY The lender provided this business loan 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 311991 - Perishable Prepared Food Manufacturing Loan Approval Date 7/15/2003 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. 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 SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan 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. We can help you find the best banks for small businesses in Bar Harbor (census Name For Ba 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: Obtaining Funding - How to Decide How Much to Raise Good Banks for Small Business in Ellsworth, Maine
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