Orleans, Massachusetts Bank Lends Money to Caterers Company in Eastham, Massachusetts

Want to talk with an Orleans, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by an Orleans bank, that was approved by the SBA.

Applying for an SBA loan with Td Banknorth worked out well for our friends at one local business in Eastham, Massachusetts. They received an SBA loan for $140,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CATERERS
EASTHAM, MA 02642

SBA Loan Lender

TD BANKNORTH
40 MAIN ST
ORLEANS, MA 02653

This lender issued this particular SBA 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

722320 - Caterers

Loan Approval Date

6/4/2004

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

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

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

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 $140,000 loan. Remember, you control your own destiny.

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.

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