Amherst (census Name For Amher, Massachusetts Business Gets SBA-Guaranteed Funding from Florence Savings Bank

An SBA loan from Florence Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Amherst (census Name For Amher, Massachusetts business owner got a $30,000 loan.

Getting a small business loan in Amherst (census Name For Amher, Massachusetts was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Florence Savings Bank, operating out of Florence, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: BARBER SHOPS
AMHERST (CENSUS NAME FOR AMHER, MA 01002

SBA Loan Lender

FLORENCE SAVINGS BANK
85 MAIN ST
FLORENCE, MA 01062

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.

NAICS Code

812111 - Barber Shops

Loan Approval Date

5/10/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Amherst (census Name For Amher MA, you ought to talk with a local Amherst (census Name For Amher SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Amherst (census Name For Amher businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Startup Funding Tip

SBA 7A Banks for Florence, Massachusetts Loans

Massachusetts SBA 7A Lenders