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May 14, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Bangor, Business Loans > Bangor Savings Bank Bangor Business Loans > Testing Laboratories Loan | ||||
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What Does It Take to Get a Business Loan in Farmingdale, Maine?
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Where to Get Capital for Testing LaboratoriesWith these small business loans for testing laboratories, the SBA guarantees the lender that the loan will be repaid. This testing laboratories loan for $25,000 was given to a Maine entrepreneur in 2005. This small firm knew how to go about getting a business bank loan. Based in Farmingdale, Maine, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Bangor Savings Bank, based in Bangor, Maine. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender BANGOR SAVINGS BANK 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 541380 - Testing Laboratories Loan Approval Date 9/13/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Bangor, Maine
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