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

East Bridgewater, Massachusetts Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Security Systems Services Business Loans

Looking for business loans for security systems services? Talk to a banker who works with the SBA. This $100,000 security systems services loan was issued by a Massachusetts bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with South Shore Savings Bank, out of South Weymouth, Massachusetts. The loan was granted and they received $100,000 to help grow their East Bridgewater, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: SECURITY SYSTEMS SERVICES
EAST BRIDGEWATER, MA 02333

SBA Loan Lender

SOUTH SHORE SAVINGS BANK
1530 MAIN ST
SOUTH WEYMOUTH, MA 02190

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561621 - Security Systems Services

Loan Approval Date

3/28/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, anyone can do it... so why not you?

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:

Dealing With Venture Capitalists

Small Business Banks in South Weymouth, Massachusetts

SBA Participating Banks in Massachusetts