Bridgewater Savings Bank Gives Bank Loan to Plastics Materials And Resins Company

Want a Massachusetts small business loan? This Massachusetts entrepreneur got a small business loan, provided by a Massachusetts bank that works with the SBA to help small business owners.

By giving the right information to Bridgewater Savings Bank, this Bridgewater, Massachusetts business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: PLASTICS MATERIALS AND RESINS
BRIDGEWATER, MA 02324

SBA Loan Lender

BRIDGEWATER SAVINGS BANK
756 ORCHARD ST
RAYNHAM, MA 02767

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2821 - Plastics Materials and Resins

NAICS Code

325211 - Plastics Material and Resin Manufacturing

Loan Approval Date

1/28/2002

Loan Approval Gross Amount

$1,125,250

Loan Approval from the SBA

Of the total $1,125,250 loan amount, the SBA guaranteed $843,938.

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 11 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Bridgewater or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Who Lends Money to Small Businesses in Raynham, Massachusetts

SBA Participating Banks in Massachusetts