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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Westford, Business Loans > Enterprise Bank & Trust Westford Business Loans > Fuel Oil Dealers Loan | ||||
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Massachusetts SBA Banks
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Westford, Massachusetts Lender Lends Money to Fuel Oil Dealers CompanyThinking about meeting with a Westford, Massachusetts bank about a small business loan? Here's one Massachusetts business loan, issued by a Westford bank, that was approved by the SBA. Applying for an SBA loan with Enterprise Bank & Trust worked out well for our friends at one local firm in Chelmsf0rd, Massachusetts. The business was able to get an SBA loan for $140,000. Nice! SBA Loan Borrower COMPANY TYPE: FUEL OIL DEALERS SBA Loan Lender ENTERPRISE BANK & TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5983 - Fuel Oil Dealers NAICS Code 454311 - Heating Oil Dealers Loan Approval Date 6/27/2001 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. 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 8 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $140,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - Getting Venture Capital Find an SBA Lender in Westford, Massachusetts SBA Participating Banks in Massachusetts
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