Framingham (town Of), Massachusetts Business Gets SBA-Guaranteed Funding from Flagship Bank & Trust

An SBA loan from Flagship Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Framingham (town Of), Massachusetts business owner got a $100,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Framingham (town Of), Massachusetts, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Flagship Bank & Trust, based in Worcester, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
FRAMINGHAM (TOWN OF), MA 01748

SBA Loan Lender

FLAGSHIP BANK & TRUST
120 FRONT ST
WORCESTER, MA 01608

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

561730 - Landscaping Services

Loan Approval Date

5/5/2006

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. The loan application indicated that the loan would help retain 30 existing jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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