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November 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Wakefield, Business Loans > Massachusetts Business Wakefield Business Loans > Analytical Laboratory Instrument Manufacturing Loan | ||||
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SBA 7A Banks in Massachusetts
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Analytical Laboratory Instrument Manufacturing LoansLooking for loans for analytical laboratory instrument manufacturing? Try the SBA. This $1,000,000 analytical laboratory instrument manufacturing loan was issued by a Massachusetts bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ayer (town Of), Massachusetts was able to borrow $1,000,000 from Massachusetts Business. The SBA made the loan possible by guaranteeing $750,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: ANALYTICAL LABORATORY INSTRUMENT MANUFACTURING SBA Loan Lender MASSACHUSETTS BUSINESS Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334516 - Analytical Laboratory Instrument Manufacturing Loan Approval Date 5/17/2004 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 18 employees. This SBA loan request indicated that the loan would help retain 18 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, 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: Who Lends Money to Small Businesses in Wakefield, Massachusetts
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