Eastern Bank SBA Loan to Specialized Local Freight Trucking Company

An SBA loan from Eastern Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Chelsea, Massachusetts business owner got a $150,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Eastern Bank, out of Boston, Massachusetts. The loan was granted and they received $150,000 to help grow their Chelsea, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING
CHELSEA, MA 02150

SBA Loan Lender

EASTERN BANK
265 FRANKLIN ST
BOSTON, MA 02110

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484220 - Specialized Local Freight Trucking

Loan Approval Date

1/15/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 26 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 25 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Chelsea MA, you ought to talk with a local Chelsea SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chelsea businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

The Friends and Family Network

SBA Approved Banks in Boston, Massachusetts

Massachusetts SBA 7A Lenders