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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Chelsea, Business Loans > Metro Cu Chelsea Business Loans > Professional, Scientific, And Technical Services Loan | ||||
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Banks in Chelsea, Massachusetts That Make SBA Loans
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Chelsea, Massachusetts Bank Gives SBA Loan to Professional, Scientific, And Technical Services CompanyWant to talk with a Chelsea, Massachusetts bank about a business loan? Here's one Massachusetts business loan, issued by a Chelsea bank, that was approved by the SBA. Applying for an SBA loan with Metro Cu worked out well for our friends at one local company in Canton (town Of), Massachusetts. The business was able to get an SBA loan for $25,000. Awesome! SBA Loan Borrower COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES SBA Loan Lender METRO CU This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 541990 - Professional, Scientific, and Technical Services Loan Approval Date 1/18/2007 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 60 employees. The SBA loan application for the borrower indicated that the loan would help retain 60 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Metro Cu 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Chelsea, Massachusetts
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