Financing for Floor Laying and Floor Contractors
Looking for loans for floor laying and floor contractors? Talk to a banker who works with the SBA. This $225,000 floor laying and floor contractors loan was issued by a Massachusetts bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Georgetown, Massachusetts was able to borrow $225,000 from Danversbank. The SBA made the loan possible by guaranteeing $168,750 of this Massachusetts small business loan.
SBA Loan Borrower
COMPANY TYPE: FLOOR LAYING AND FLOOR CONTRACTORS
GEORGETOWN, MA 01833
SBA Loan Lender
DANVERSBANK
1 CONANT ST
DANVERS, MA 01923
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
235520 - Floor Laying and Floor Contractors
Loan Approval Date
6/18/2002
Loan Approval Gross Amount
$225,000
Loan Approval from the SBA
Of the total $225,000 loan amount, the SBA guaranteed $168,750.
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 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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 Danvers, Massachusetts
Getting an SBA Loan in Massachusetts