Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Boston College, Massachusetts Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Home Furnishings Stores Loans

Looking for loans for home furnishings stores? Talk to a banker who works with the SBA. This $20,000 home furnishings stores loan was issued by a Massachusetts bank.

This small firm knew how to go about getting a business bank loan. Based in Boston College, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Danversbank, based in Danvers, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
BOSTON COLLEGE, MA 02140

SBA Loan Lender

DANVERSBANK
1 CONANT ST
DANVERS, MA 01923

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

442299 - Home Furnishings Stores

Loan Approval Date

12/13/2001

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help create 3 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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 Credit Evaluation

Good Banks for Small Business in Danvers, Massachusetts

Massachusetts SBA 7A Lenders