Cellulosic Organic Fiber Manufacturing Commercial Loans

With these commercial loans for cellulosic organic fiber manufacturing, the SBA guarantees the lender that the loan will be repaid. This cellulosic organic fiber manufacturing loan for $257,000 was given to a Massachusetts entrepreneur in 2001.

Getting a small business loan in Belchertown, Massachusetts was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Td Banknorth, operating out of Pittsfield, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: CELLULOSIC MANMADE FIBERS
BELCHERTOWN, MA 01007

SBA Loan Lender

TD BANKNORTH
99 WEST ST
PITTSFIELD, MA 01201

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2823 - Cellulosic Manmade Fibers

NAICS Code

325221 - Cellulosic Organic Fiber Manufacturing

Loan Approval Date

9/20/2001

Loan Approval Gross Amount

$257,000

Loan Approval from the SBA

Of the total $257,000 loan amount, the SBA guaranteed $192,750.

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 25 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Td Banknorth that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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Find an SBA Lender in Massachusetts