First Fed. Savings Bank - Americ SBA Loan to Eating Places Company

An SBA loan from First Fed. Savings Bank - Americ typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fall River, Massachusetts business owner got a $50,000 loan.

This business knew how to go about getting a business bank loan. Based in Fall River, Massachusetts, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was First Fed. Savings Bank - Americ, based in Swansea, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
FALL RIVER, MA 02720

SBA Loan Lender

FIRST FED. SAVINGS BANK - AMERIC
ONE FIRSTFED PARK
SWANSEA, MA 02777

This lender issued this particular commercial 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

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/24/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:

Business Line of Credit

SBA 7A Lenders in Swansea, Massachusetts

Massachusetts SBA Banks