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April 30, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Portland, Business Loans > Maine Bank & Trust Company Portland Business Loans > Nonscheduled Air Transportation Loan | ||||
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Banks in Portland, Maine That Make SBA Loans
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Portland, Maine Lender Lends Money to Nonscheduled Air Transportation CompanyThinking about meeting with a Portland, Maine bank about a business loan? Here's one Maine business loan, issued by a Portland bank, that was approved by the SBA. Applying for an SBA loan with Maine Bank & Trust Company worked out well for our friends at one local company in Biddeford (rr Name Biddeford-S, Maine. They received an SBA loan for $50,000. Sweet! SBA Loan Borrower COMPANY TYPE: NONSCHEDULED AIR TRANSPORTATION SBA Loan Lender MAINE BANK & TRUST COMPANY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 481219 - Nonscheduled Air Transportation Loan Approval Date 8/5/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $50,000. How would you spend $50,000 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: Accountant's Role in Securing Financing Small Business Banks in Portland, Maine
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