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May 14, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Biddeford, Business Loans > Pepperell Bank & Trust Biddeford Business Loans > Retail Stores Loan | ||||
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Kennebunk, Maine Bank Loan
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Business Loans for Pet and Pet Supplies StoresLooking for business loans for pet and pet supplies stores? Try the SBA. This $117,000 pet and pet supplies stores loan was issued by a Maine bank. Getting a small business loan in Kennebunk, Maine was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Pepperell Bank & Trust, operating out of Biddeford, Maine. Here are the details on this Maine small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender PEPPERELL BANK & TRUST This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 453910 - Pet and Pet Supplies Stores Loan Approval Date 7/12/2002 Loan Approval Gross Amount $117,000 Loan Approval from the SBA Of the total $117,000 loan amount, the SBA guaranteed $99,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Best Banks in Biddeford, Maine
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