 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Rockland, Business Loans > South Coastal Bank Rockland Business Loans > Flooring Contractors Loan | ||||
 |
||||
Raising Money in Canton (town Of), Massachusetts With SBA Loans
|
||||
 |
Get an SBA Loan for Flooring ContractorsLooking for loans for flooring contractors? The SBA may be the answer. This $1,000,000 flooring contractors loan was issued by a Massachusetts bank. Getting a small business loan in Canton (town Of), Massachusetts was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from South Coastal Bank, operating out of Rockland, Massachusetts. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: FLOORING CONTRACTORS SBA Loan Lender SOUTH COASTAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 238330 - Flooring Contractors Loan Approval Date 9/10/2004 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $500,000. 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 32 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 32 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Canton (town Of) 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: Who Lends Money to Small Businesses in Rockland, Massachusetts Getting an SBA Loan in Massachusetts
|
|
||
|
||||
|
|
||||