Lessors of Real Estate Property Loans

With these loans for lessors of real estate property, the SBA guarantees the lender that the loan will be repaid. This lessors of real estate property loan for $249,400 was given to a Maine entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Kent (census Name For For, Maine was able to borrow $249,400 from Norstate Fcu. The SBA made the loan possible by guaranteeing $124,700 of this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF REAL ESTATE PROPERTY
FORT KENT (CENSUS NAME FOR FOR, ME 04748

SBA Loan Lender

NORSTATE FCU
78 FOX ST
MADAWASKA, ME 04756

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

531190 - Lessors of Real Estate Property

Loan Approval Date

3/21/2007

Loan Approval Gross Amount

$249,400

Loan Approval from the SBA

Of the total $249,400 loan amount, the SBA guaranteed $124,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the funding would help generate 6 new jobs.

Great, But How Can I Get an SBA Loan for My 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.

We can help you find the best banks for small businesses in Fort Kent (census Name For For 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:

SBIR Funding

Good Banks for Small Business in Madawaska, Maine

Maine SBA Banks