Concord, Massachusetts Lender Lends Money to Surgical And Medical Instruments And Apparatus Company

Get to know Concord, Massachusetts banks that specialize in small business loans and know how to work with entrepreneurs. Middlesex Savings Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Concord, Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Middlesex Savings Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SURGICAL AND MEDICAL INSTRUMENTS AND APPARATUS
CONCORD, MA 01742

SBA Loan Lender

MIDDLESEX SAVINGS BANK
64 MAIN ST
CONCORD, MA 01742

This SBA loan 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

3841 - Surgical and Medical Instruments and Apparatus

NAICS Code

339112 - Surgical and Medical Instrument Manufacturing

Loan Approval Date

1/14/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $450,000.

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 70 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Concord MA, you ought to talk with a local Concord SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Concord businesses.

We can help you find the best banks for small businesses in Concord 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:

Getting a Small Business Loan

Best Banks for Small Business in Concord, Massachusetts

SBA Participating Banks in Massachusetts