Borrowing Money for Veterinary Services

With these loans for veterinary services, the SBA guarantees the lender that the loan will be repaid. This veterinary services loan for $594,000 was given to a Massachusetts entrepreneur in 2002.

This small firm knew how to go about getting a business bank loan. Based in Franklin, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Strata Bank, based in Medway, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES FOR LIVESTOCK
FRANKLIN, MA 02038

SBA Loan Lender

STRATA BANK
81 MAIN ST
MEDWAY, MA 02053

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0741 - Veterinary Services for Livestock

NAICS Code

541940 - Veterinary Services

Loan Approval Date

5/1/2002

Loan Approval Gross Amount

$594,000

Loan Approval from the SBA

Of the total $594,000 loan amount, the SBA guaranteed $445,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Strata Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Cash Advances

SBA 7A Lenders in Medway, Massachusetts

Getting a Business Loan in Massachusetts