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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Athol, Business Loans > Athol Savings Bank Athol Business Loans > Machine Shops Loan | ||||
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Who Can Get a Business Loan in Fitchburg, Massachusetts?
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Where to Get Capital for Machine ShopsLooking for SBA loans for machine shops? Try the SBA. This $200,000 machine shops loan was issued by a Massachusetts bank. Getting a small business loan in Fitchburg, Massachusetts was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Athol Savings Bank, operating out of Athol, Massachusetts. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender ATHOL SAVINGS BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 12/6/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Athol Savings Bank and they will explain how you can get an SBA loan for your company. 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: Small Business Banks in Athol, Massachusetts Browse All Business Loan Sources for Massachusetts
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