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May 20, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Derby, Business Loans > Community National Bank Derby Business Loans > Homefurnishings Loan | ||||
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Waterford, Vermont Bank Loan
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Financing for Home Furnishing WholesalersLooking for loans for home furnishing wholesalers? The SBA may be the answer. This $170,000 home furnishing wholesalers loan was issued by a Vermont bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waterford, Vermont was able to borrow $170,000 from Community National Bank. The SBA made the loan possible by guaranteeing $127,500 of this Vermont small business loan. SBA Loan Borrower COMPANY TYPE: HOMEFURNISHINGS SBA Loan Lender COMMUNITY NATIONAL BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5023 - Homefurnishings NAICS Code 421220 - Home Furnishing Wholesalers Loan Approval Date 6/6/2000 Loan Approval Gross Amount $170,000 Loan Approval from the SBA Of the total $170,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 44 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $170,000 loan. Remember, if it to be, it is up to me! 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: Best Derby, Vermont Banks for Small Business
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