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December 22, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Springfield, Business Loans > Bank - Western Massachusetts Springfield Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Bank - Western Massachusetts
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SBA Loan from Bank - Western Massachusetts Helps Gasoline Stations With Convenience Stores CompanyBank - Western Massachusetts 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 Charlemont, Massachusetts was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank - Western Massachusetts, operating out of Springfield, Massachusetts. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender BANK - WESTERN MASSACHUSETTS This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 8/4/2004 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Charlemont MA, you ought to talk with a local Charlemont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Charlemont businesses. We can help you find the best banks for small businesses in Charlemont 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: Where to Get an SBA Loan in Springfield, Massachusetts
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