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May 18, 2024  
 
 
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Vermont Bank SBA Loans

 

 
Loan Census SBA Loan Info

Td Banknorth SBA Loan to General Merchandise Stores Company

Looking to get a Vermont small business loan? Here's one Vermont business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in South Burlington, Vermont, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Td Banknorth, based in Burlington, Vermont.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
SOUTH BURLINGTON, VT 05403

SBA Loan Lender

TD BANKNORTH
111 MAIN ST
BURLINGTON, VT 05401

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

Loan Approval Date

2/7/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $22,500.

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 35 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 35 existing jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in South Burlington 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:

Obtaining Funding - How to Decide How Much to Raise

Who Lends Money to Small Businesses in Burlington, Vermont

Getting an SBA Loan in Vermont