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May 15, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Burlington, Business Loans > Chittenden Trust Company Burlington Business Loans > Limited-Service Restaurants Loan | ||||
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Business Loan from Chittenden Trust Company
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Business Loan from Chittenden Trust Company Given to Limited-Service Restaurants CompanyAn SBA loan from Chittenden Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Orwell, Vermont business owner got a $128,300 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orwell, Vermont was able to borrow $128,300 from Chittenden Trust Company. The SBA made the loan possible by guaranteeing $64,150 of this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender CHITTENDEN TRUST COMPANY This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 722211 - Limited-Service Restaurants Loan Approval Date 8/10/2005 Loan Approval Gross Amount $128,300 Loan Approval from the SBA Of the total $128,300 loan amount, the SBA guaranteed $64,150. 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 6 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan If you need business start up money in Orwell VT, you ought to talk with a local Orwell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orwell businesses. We can help you find the best banks for small businesses in Orwell or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Business Banks in Burlington, Vermont
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