Saco & Biddeford Savings Insti Gives Small Business Loan to Personal Care Services Company

MaineSBA loans are available to Maine entrepreneurs through the SBA. In this case, a Maine bank provides the loan.

Getting a small business loan in Saco, Maine was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Saco & Biddeford Savings Insti. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
SACO, ME 04072

SBA Loan Lender

SACO & BIDDEFORD SAVINGS INSTI
252 MAIN ST
SACO, ME 04072

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

812199 - Personal Care Services

Loan Approval Date

4/27/2007

Loan Approval Gross Amount

$42,000

Loan Approval from the SBA

Of the total $42,000 loan amount, the SBA guaranteed $21,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Saco ME, you ought to talk with a local Saco SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Saco businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Saco & Biddeford Savings Insti and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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