Td Banknorth Gives Business Loan to Beauty Shops Company

Searching for a Massachusetts business loan? This Massachusetts entrepreneur got a business loan, provided by a Massachusetts bank that works with the SBA to help small business owners.

Getting a small business loan in Gardner, Massachusetts was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Td Banknorth. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
GARDNER, MA 01440

SBA Loan Lender

TD BANKNORTH
90 PEARSON BLVD
GARDNER, MA 01440

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

Loan Approval Date

4/12/2000

Loan Approval Gross Amount

$11,500

Loan Approval from the SBA

Of the total $11,500 loan amount, the SBA guaranteed $9,200.

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 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels 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.

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 Td Banknorth 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.

Related Links:

Small Business Credit Cards

SBA 7A Banks for Gardner, Massachusetts Loans

SBA Participating Banks in Massachusetts