Florence Savings Bank SBA Loan to Water, Sewer, And Utility Lines Company

Searching for a Massachusetts business loan? Here's one Massachusetts business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Amherst, Massachusetts, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Florence Savings Bank, based in Florence, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
AMHERST, MA 01002

SBA Loan Lender

FLORENCE SAVINGS BANK
85 MAIN ST
FLORENCE, MA 01062

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

1623 - Water, Sewer, and Utility Lines

Loan Approval Date

5/25/2000

Loan Approval Gross Amount

$33,300

Loan Approval from the SBA

Of the total $33,300 loan amount, the SBA guaranteed $16,650.

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 5 employees. The loan application indicated that the loan would help retain 5 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.

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 $33,300 loan. Remember, feel the fear, and do it anyway.

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.

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