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May 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Gardiner, Business Loans > Savings Bank Of Maine Gardiner Business Loans > Book Stores Loan | ||||
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Examples of Topsham SBA Loans
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Book Stores Commercial LoansLooking for commercial loans for book stores? Talk to a banker who works with the SBA. This $66,000 book stores loan was issued by a Maine bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Topsham, Maine was able to borrow $66,000 from Savings Bank Of Maine. The SBA made the loan possible by guaranteeing $52,800 of this Maine small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender SAVINGS BANK OF MAINE 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 5942 - Book Stores NAICS Code 451211 - Book Stores Loan Approval Date 6/28/2000 Loan Approval Gross Amount $66,000 Loan Approval from the SBA Of the total $66,000 loan amount, the SBA guaranteed $52,800. 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 loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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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