Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Banks for Clarksburg, Massachusetts Business Owners

 

 
Loan Census SBA Loan Info

Metal Window and Door Manufacturing Business Loans

Looking for business loans for metal window and door manufacturing? An SBA loan may be just what you've been looking for. This $40,000 metal window and door manufacturing loan was issued by a Massachusetts bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clarksburg, Massachusetts was able to borrow $40,000 from Berkshire Bank. The SBA made the loan possible by guaranteeing $34,000 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL WINDOW AND DOOR MANUFACTURING
CLARKSBURG, MA 01247

SBA Loan Lender

BERKSHIRE BANK
37 MAIN ST
NORTH ADAMS, MA 01247

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332321 - Metal Window and Door Manufacturing

Loan Approval Date

9/7/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 Berkshire 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:

Banking Deregulation's Effects on Entrepreneurship

Find an SBA Lender in North Adams, Massachusetts

Massachusetts SBA 7A Lenders