Everett, Massachusetts Bank Gives SBA Loan to Jewelry Manufacturing Company

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

Applying for an SBA loan with Everett Co-Operative Bank worked out well for our friends at one local business in Everett, Massachusetts. They received an SBA loan for $40,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: JEWELRY MANUFACTURING
EVERETT, MA 02149

SBA Loan Lender

EVERETT CO-OPERATIVE BANK
419 BROADWAY
EVERETT, MA 02149

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

339911 - Jewelry Manufacturing

Loan Approval Date

7/31/2006

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $40,000. How would you spend $40,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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