Entrepreneur Works With Boston, Massachusetts Bank to Get an SBA Loan

Get SBA loans from a Boston, Massachusetts bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Lehman Brothers Bank, Fsb is a Boston, Massachusetts small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Maryland company.

SBA Loan Borrower

COMPANY TYPE: CERAMIC WALL AND FLOOR TILE
GAITHERSBURG, MD 20877

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3253 - Ceramic Wall and Floor Tile

NAICS Code

327122 - Ceramic Wall and Floor Tile Manufacturing

Loan Approval Date

7/7/2000

Loan Approval Gross Amount

$211,500

Loan Approval from the SBA

Of the total $211,500 loan amount, the SBA guaranteed $158,625.

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 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 12 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Gaithersburg MD, you ought to talk with a local Gaithersburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gaithersburg businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Lehman Brothers Bank, Fsb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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