SBA Loan from Florence Savings Bank Helps Lawn And Garden Services Company

An SBA loan from Florence Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Belchertown (census Name For B, Massachusetts business owner got a $21,300 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belchertown (census Name For B, Massachusetts was able to borrow $21,300 from Florence Savings Bank. The SBA made the loan possible by guaranteeing $10,650 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
BELCHERTOWN (CENSUS NAME FOR B, MA 01007

SBA Loan Lender

FLORENCE SAVINGS BANK
85 MAIN ST
FLORENCE, MA 01062

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

2/14/2000

Loan Approval Gross Amount

$21,300

Loan Approval from the SBA

Of the total $21,300 loan amount, the SBA guaranteed $10,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 15 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Florence Savings Bank and they will explain how you can get an SBA loan for your company.

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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