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December 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Franklin, Business Loans > Benjamin Franklin Bank Franklin Business Loans > Community Food Services Loan | ||||
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Benjamin Franklin Bank
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Business Loan from Benjamin Franklin Bank Given to Community Food Services CompanyBenjamin Franklin Bank has a track record as a leading provider of SBA loans. Find out how this Massachusetts entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Benjamin Franklin Bank, out of Franklin, Massachusetts. The loan was granted and they received $500,000 to help grow their Bellingham (town Of), Massachusetts business. SBA Loan Borrower COMPANY TYPE: COMMUNITY FOOD SERVICES SBA Loan Lender BENJAMIN FRANKLIN BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624210 - Community Food Services Loan Approval Date 12/15/2005 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 Benjamin Franklin 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. Related Links: Good Banks for Small Business in Franklin, Massachusetts
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