Orleans, Massachusetts Lender Lends Money to Liquor Stores Company

Thinking about meeting with an Orleans, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by an Orleans bank, that was approved by the SBA.

Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local firm in Brewster, Massachusetts. They got an SBA loan for $120,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: LIQUOR STORES
BREWSTER, MA 02631

SBA Loan Lender

SOVEREIGN BANK
51 MAIN ST
ORLEANS, MA 02653

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5921 - Liquor Stores

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

12/8/2000

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

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 4 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Brewster MA, you ought to talk with a local Brewster SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brewster businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Obtaining Funding - How to Borrow Money

SBA Approved Banks in Orleans, Massachusetts

Massachusetts SBA 7A Lenders