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November 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Natick, Business Loans > Middlesex Savings Bank Natick Business Loans > Beauty Salons Loan | ||||
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Banks Doing SBA Loans in Massachusetts
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Entrepreneur Works With Natick, Massachusetts Bank to Get an SBA LoanThinking about meeting with a Natick, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a Natick bank, that was approved by the SBA. Applying for an SBA loan with Middlesex Savings Bank worked out well for our friends at one local firm in Boston, Massachusetts. They got an SBA loan for $50,000. Awesome! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender MIDDLESEX SAVINGS BANK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 812112 - Beauty Salons Loan Approval Date 11/28/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Natick, Massachusetts
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