SBA Loan from The Provident Bank Helps Dentists Company

An SBA loan from The Provident Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Andover, Massachusetts business owner got a $600,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Andover, Massachusetts, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was The Provident Bank, based in Amesbury, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
ANDOVER, MA 01810

SBA Loan Lender

THE PROVIDENT BANK
5 MARKET ST
AMESBURY, MA 01913

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Dentists

Loan Approval Date

3/24/2006

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Andover or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Find an SBA Lender in Amesbury, Massachusetts

SBA Participating Banks in Massachusetts