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May 17, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Lewiston, Business Loans > Androscoggin Savings Bank Lewiston Business Loans > Formal Wear And Costume Rental Loan | ||||
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Maine Small Business Funding
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How to Get a Loan for Formal Wear and Costume RentalLooking for SBA loans for formal wear and costume rental? Talk to a banker who works with the SBA. This $125,600 formal wear and costume rental loan was issued by a Maine bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lisbon Falls, Maine was able to borrow $125,600 from Androscoggin Savings Bank. The SBA made the loan possible by guaranteeing $62,800 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: FORMAL WEAR AND COSTUME RENTAL SBA Loan Lender ANDROSCOGGIN SAVINGS BANK The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 532220 - Formal Wear and Costume Rental Loan Approval Date 2/14/2007 Loan Approval Gross Amount $125,600 Loan Approval from the SBA Of the total $125,600 loan amount, the SBA guaranteed $62,800. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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 Lewiston, Maine Banks for Small Business
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