Somerset, Massachusetts Bank Gives SBA Loan to Industrial Trucks, Tractors, Trailers, And Stacker Company

Get business loans from a Somerset, Massachusetts bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Slade's Ferry Trust Company is a Somerset, Massachusetts small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Rhode Island company.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL TRUCKS, TRACTORS, TRAILERS, AND STACKER
CRANSTON, RI 02910

SBA Loan Lender

SLADE'S FERRY TRUST COMPANY
100 SLADE'S FERRY AVE
SOMERSET, MA 02726

This lender issued this particular bank 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.

SIC Code

3537 - Industrial Trucks, Tractors, Trailers, and Stacker

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

4/24/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 3 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 - How to Borrow Money

Find an SBA Lender in Somerset, Massachusetts

Getting an SBA Loan in Massachusetts