Business Loan from Wainwright Bank & Trust Given to Limited-Service Restaurants Company

An SBA loan from Wainwright Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Arlington (town Of), Massachusetts business owner got a $235,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Arlington (town Of), Massachusetts, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Wainwright Bank & Trust, based in Boston, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
ARLINGTON (TOWN OF), MA 02474

SBA Loan Lender

WAINWRIGHT BANK & TRUST
63 FRANKLIN ST
BOSTON, MA 02110

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

722211 - Limited-Service Restaurants

Loan Approval Date

6/24/2004

Loan Approval Gross Amount

$235,000

Loan Approval from the SBA

Of the total $235,000 loan amount, the SBA guaranteed $117,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 12 new jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Arlington (town Of) 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:

Getting a Small Business Loan

Good Banks for Small Business in Boston, Massachusetts

SBA Participating Banks in Massachusetts