SBA Loan from Eastern Bank Helps Manufacturing Industries Company

Eastern Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Massachusetts entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Cataumet, Massachusetts was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Eastern Bank, operating out of Middleborough, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
CATAUMET, MA 02534

SBA Loan Lender

EASTERN BANK
151 CAMPANELLI DR
MIDDLEBOROUGH, MA 02346

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

339999 - Manufacturing

Loan Approval Date

4/19/2002

Loan Approval Gross Amount

$488,199

Loan Approval from the SBA

Of the total $488,199 loan amount, the SBA guaranteed $366,149.

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 28 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Eastern Bank and they will explain how you can get an SBA loan for your company.

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:

VC Firms on Twitter

Best Middleborough, Massachusetts Banks for Small Business

SBA Lenders in Massachusetts