Financing for Marketing Research and Public Opinion Polling
With these commercial loans for marketing research and public opinion polling, the SBA guarantees the lender that the loan will be repaid. This marketing research and public opinion polling loan for $820,000 was given to a Massachusetts entrepreneur in 2003.
This business knew how to go about getting a business bank loan. Based in Cambridge, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Home Loan Invest Bank F.S.B., based in Warwick, Rhode Island.
SBA Loan Borrower
COMPANY TYPE: MARKETING RESEARCH AND PUBLIC OPINION POLLING
CAMBRIDGE, MA 02141
SBA Loan Lender
HOME LOAN INVEST BANK F.S.B.
1 HOME LOAN PLAZA, STE 3
WARWICK, RI 02886
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541910 - Marketing Research and Public Opinion Polling
Loan Approval Date
10/8/2003
Loan Approval Gross Amount
$820,000
Loan Approval from the SBA
Of the total $820,000 loan amount, the SBA guaranteed $615,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 45 employees. The SBA loan documents indicated that the loan would help retain 45 existing jobs.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Home Loan Invest Bank F.S.B. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
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Best Warwick, Rhode Island Banks for Small Business
SBA Lenders in Rhode Island