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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 > Eating Places Loan | ||||
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SBA Lenders in Ellsworth
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Ellsworth, Maine Business Gets SBA-Guaranteed Funding from Union Trust CompanyAn SBA loan from Union Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ellsworth, Maine business owner got a $573,800 loan. This growing company knew how to go about getting a business bank loan. Based in Ellsworth, Maine, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Union Trust Company, based in Ellsworth, Maine. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender UNION TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/6/2001 Loan Approval Gross Amount $573,800 Loan Approval from the SBA Of the total $573,800 loan amount, the SBA guaranteed $286,900. 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 35 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Who Lends Money to Small Businesses in Ellsworth, Maine
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