Lawrence, Massachusetts Bank Lends Money to Media Buying Agencies Company in Boston, Massachusetts

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

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

SBA Loan Borrower

COMPANY TYPE: MEDIA BUYING AGENCIES
BOSTON, MA 02116

SBA Loan Lender

RIVERBANK
300 ESSEX ST
LAWRENCE, MA 01841

This debt financing 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.

NAICS Code

541830 - Media Buying Agencies

Loan Approval Date

1/12/2007

Loan Approval Gross Amount

$640,800

Loan Approval from the SBA

Of the total $640,800 loan amount, the SBA guaranteed $480,600.

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 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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 $640,800 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 7A Banks in Lawrence, Massachusetts

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