Pittsfield, Massachusetts Bank Gives SBA Loan to Cellulosic Manmade Fibers Company

Get to know Pittsfield, Massachusetts banks that specialize in SBA loans and know how to work with entrepreneurs. Td Banknorth is one such bank, as evidenced by this SBA loan to a growing company.

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

SBA Loan Borrower

COMPANY TYPE: CELLULOSIC MANMADE FIBERS
BELCHERTOWN, MA 01007

SBA Loan Lender

TD BANKNORTH
99 WEST ST
PITTSFIELD, MA 01201

This bank 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

$761,000

Loan Approval from the SBA

Of the total $761,000 loan amount, the SBA guaranteed $570,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $761,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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SBA Approved Banks in Pittsfield, Massachusetts

Massachusetts SBA 7A Banks