Blackstone, Massachusetts Business Gets SBA-Guaranteed Funding from North Shore Bank A Cooperative

An SBA loan from North Shore Bank A Cooperative typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Blackstone, Massachusetts business owner got a $90,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Blackstone, Massachusetts was able to borrow $90,000 from North Shore Bank A Cooperative. The SBA made the loan possible by guaranteeing $45,000 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MACHINERY MANUFACTURING
BLACKSTONE, MA 01504

SBA Loan Lender

NORTH SHORE BANK A COOPERATIVE
32 MAIN ST
PEABODY, MA 01960

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

333298 - Industrial Machinery Manufacturing

Loan Approval Date

8/5/2004

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $45,000.

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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Alternative Financing

Where to Get an SBA Loan in Peabody, Massachusetts

Where to Get an SBA Loan Massachusetts