Portland, Maine Bank Gives SBA Loan to Site Preparation Contractors Company

Want to talk 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 Td Banknorth worked out well for our friends at one local business in Georgetown, Maine. They got an SBA loan for $101,700. Way to go!

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
Georgetown, ME 04548

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

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

238910 - Site Preparation Contractors

Loan Approval Date

8/21/2006

Loan Approval Gross Amount

$101,700

Loan Approval from the SBA

Of the total $101,700 loan amount, the SBA guaranteed $50,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Georgetown ME, you ought to talk with a local Georgetown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Georgetown businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Td Banknorth and they will explain how you can get an SBA loan for your company.

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.

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