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April 29, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Westbrook, Business Loans > Maine Bank & Trust Company Westbrook Business Loans > Drinking Places Loan | ||||
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Small Business Banks for Portland, Maine Small Business Owners
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Financing for Drinking PlacesWith these commercial loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $113,200 was given to a Maine entrepreneur in 2004. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Maine Bank & Trust Company, out of Westbrook, Maine. The loan was granted and they received $113,200 to help grow their Portland, Maine business. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender MAINE BANK & TRUST COMPANY This lender issued this particular business 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. NAICS Code 722410 - Drinking Places Loan Approval Date 12/22/2004 Loan Approval Gross Amount $113,200 Loan Approval from the SBA Of the total $113,200 loan amount, the SBA guaranteed $96,220. More Information on This SBA Loan The borrower borrowed this money for a new 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 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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:
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