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May 18, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Lewiston, Business Loans > Androscoggin Savings Bank Lewiston Business Loans > Blowers, Fans And Air Purifiers Loan | ||||
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Banks in Lewiston, Maine That Make SBA Loans
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Lewiston, Maine Bank Gives SBA Loan to Blowers, Fans And Air Purifiers CompanyA Lewiston, Maine business loan can be yours. Learn how a company got a $2,000,000 business loan from this Maine bank. This loan to an entrepreneur is a good example of an SBA loan. Androscoggin Savings Bank made the loan and the SBA guaranteed a portion of the loan. Many other Maine entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BLOWERS, FANS AND AIR PURIFIERS SBA Loan Lender ANDROSCOGGIN SAVINGS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3564 - Blowers, Fans and Air Purifiers NAICS Code 333411 - Air Purification Equipment Manufacturing Loan Approval Date 7/19/2005 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 60 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Androscoggin Savings Bank 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. Related Links: Banking Deregulation's Effects on Entrepreneurship Browse All Business Loan Sources for Maine
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