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May 14, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Falmouth, Business Loans > Maine Bank & Trust Company Falmouth Business Loans > Landscaping Services Loan | ||||
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Falmouth, Maine SBA Banks
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Falmouth, Maine Lender Lends Money to Landscaping Services CompanyWant to talk with a Falmouth, Maine bank about an SBA loan? Here's one Maine business loan, issued by a Falmouth bank, that was approved by the SBA. Applying for an SBA loan with Maine Bank & Trust Company worked out well for our friends at one local company in Orrs Island, Maine. The business was able to get an SBA loan for $124,500. Great job! SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender MAINE BANK & TRUST COMPANY This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561730 - Landscaping Services Loan Approval Date 8/20/2004 Loan Approval Gross Amount $124,500 Loan Approval from the SBA Of the total $124,500 loan amount, the SBA guaranteed $105,825. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source This SBA loan was for $124,500. How would you spend $124,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Falmouth, Maine
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