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May 17, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Farmington, Business Loans > Franklin Savings Bank Farmington Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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How to Get an SBA Loan in Farmington (census Name For Fa, Maine
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Local Business Gets a Maine Small Business LoanMaineBusiness loans are available to Maine business owners through the SBA. In this case, a Maine bank provides the loan. Getting a small business loan in Farmington (census Name For Fa, Maine was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Franklin Savings Bank. Here are the details on this Maine small business loan. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender FRANKLIN 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 451120 - Hobby, Toy, and Game Stores Loan Approval Date 10/18/2006 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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $25,000. How would you spend $25,000 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: SBA Banks in Farmington, Maine SBA Participating Banks in Maine
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