Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

Banks for Williston, Vermont Businesses

 

 
Loan Census SBA Loan Info

Marketing Consulting Services Loans

With these loans for marketing consulting services, the SBA guarantees the lender that the loan will be repaid. This marketing consulting services loan for $70,000 was given to a Vermont entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Williston, Vermont was able to borrow $70,000 from Chittenden Trust Company. The SBA made the loan possible by guaranteeing $35,000 of this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: MARKETING CONSULTING SERVICES
WILLISTON, VT 05405

SBA Loan Lender

CHITTENDEN TRUST COMPANY
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401

This debt financing 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

541613 - Marketing Consulting Services

Loan Approval Date

12/31/2002

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $35,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 29 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Chittenden Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Dealing With Venture Capitalists

SBA Participating Banks in Burlington, Vermont

Getting an SBA Loan in Vermont