Harwich Port, Massachusetts Bank Lends Money to Paint And Wallpaper Stores Company in Barnstable, Massachusetts

Get to know Harwich Port, Massachusetts banks that specialize in business loans and know how to work with entrepreneurs. Cape Cod Five Cents Savings Bk is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Barnstable, Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Cape Cod Five Cents Savings Bk. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PAINT AND WALLPAPER STORES
BARNSTABLE, MA 02645

SBA Loan Lender

CAPE COD FIVE CENTS SAVINGS BK
532 MAIN ST
HARWICH PORT, MA 02646

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

444120 - Paint and Wallpaper Stores

Loan Approval Date

3/22/2007

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 $350,000 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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