 |
 |
May 8, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Vermont Business Loan Sources > Randolph, Business Loans > Randolph National Bank Randolph Business Loans > Forestry Services Loan | ||||
 |
||||
Vermont Bank SBA Loans
|
||||
 |
Entrepreneur Works With Randolph, Vermont Bank to Get an SBA LoanA Randolph, Vermont small business loan can be yours. Learn how a company got a $46,000 business loan from this Vermont bank. This loan to a local firm is a good example of an SBA loan. Randolph National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Vermont entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FORESTRY SERVICES SBA Loan Lender RANDOLPH NATIONAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0851 - Forestry Services NAICS Code 115310 - Support Activities for Forestry Loan Approval Date 6/19/2000 Loan Approval Gross Amount $46,000 Loan Approval from the SBA Of the total $46,000 loan amount, the SBA guaranteed $36,800. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Randolph National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Randolph National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Randolph, Vermont
|
|
||
|
||||
|
|
||||