Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Bradford, Massachusetts Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Puckmasters Fargo Franchise

Need money to invest in a Puckmasters Fargo franchise? Middlesex Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Puckmasters Fargo franchise loans are available to Bradford, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Middlesex Savings Bank, based in Natick, Massachusetts, issued an SBA franchise loan for a Puckmasters Fargo franchise in 2005. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

PUCKMASTERS (BREAK AWAY ENTERP
BRADFORD, MA 01835

SBA Loan Lender

MIDDLESEX SAVINGS BANK
6 MAIN ST
NATICK, MA 01760

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611620 - Sports and Recreation Instruction

Loan Approval Date

7/15/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Puckmasters Fargo franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $80,000. How would you spend $80,000 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.

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