Belchertown (census Name For B, Massachusetts Entrepreneur Gets an SBA Loan
Bank loans in Massachusetts are tough to come by these days. We take a look at one Massachusetts bank loan, provided by a Rhode Island bank, that was approved by the SBA.
By giving the right information to Rbs Citizens, this Belchertown (census Name For B, Massachusetts business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY
BELCHERTOWN (CENSUS NAME FOR B, MA 01007
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
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
453210 - Office Supplies and Stationery
Loan Approval Date
4/23/2004
Loan Approval Gross Amount
$130,000
Loan Approval from the SBA
Of the total $130,000 loan amount, the SBA guaranteed $65,000.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
If you want money for new small business in Belchertown (census Name For B MA, you ought to talk with a local Belchertown (census Name For B SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Belchertown (census Name For B businesses.
We've showcased information on this loan to let you know that businesses like yours 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:
Raising VC Money for Social Networking Companies
Small Business Banks in Providence, Rhode Island
SBA Rhode Island Lenders