Get an SBA Loan for Manufacturing
With these small business loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $170,000 was given to a Massachusetts entrepreneur in 2002.
Getting a small business loan in Boston, Massachusetts was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Eastern Bank, operating out of Boston, Massachusetts. Here are the details on this Massachusetts small business loan.
SBA Loan Borrower
COMPANY TYPE: MANUFACTURING INDUSTRIES
BOSTON, MA 02118
SBA Loan Lender
EASTERN BANK
265 FRANKLIN ST
BOSTON, MA 02110
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3999 - Manufacturing Industries
NAICS Code
339999 - Manufacturing
Loan Approval Date
8/14/2002
Loan Approval Gross Amount
$170,000
Loan Approval from the SBA
Of the total $170,000 loan amount, the SBA guaranteed $127,500.
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 11 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
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.
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 $170,000 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.
Related Links:
Business Cash Advances
Who Lends Money to Small Businesses in Boston, Massachusetts
SBA Participating Banks in Massachusetts