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December 22, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Florence, Business Loans > Florence Savings Bank Florence Business Loans > Air Transportation, Scheduled Loan | ||||
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Massachusetts Bank SBA Loans
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Florence Savings Bank SBA Loan to Air Transportation, Scheduled CompanyWant a Massachusetts SBA loan? Here's one Massachusetts business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Amherst (census Name For Amher, Massachusetts was able to borrow $36,500 from Florence Savings Bank. The SBA made the loan possible by guaranteeing $18,250 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: AIR TRANSPORTATION, SCHEDULED SBA Loan Lender FLORENCE SAVINGS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 4512 - Air Transportation, Scheduled Loan Approval Date 6/26/2000 Loan Approval Gross Amount $36,500 Loan Approval from the SBA Of the total $36,500 loan amount, the SBA guaranteed $18,250. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $36,500 loan. Remember, fight for what you want, and it will be yours! 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 Bank Loans in Florence, Massachusetts
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