Td Banknorth SBA Loan to Animal Specialty Services Company

Searching for a Massachusetts SBA loan? Here's one Massachusetts business loan that was approved by the SBA.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Td Banknorth, out of Gloucester, Massachusetts. The loan was granted and they received $30,000 to help grow their Gloucester, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTY SERVICES
GLOUCESTER, MA 01930

SBA Loan Lender

TD BANKNORTH
2 HARBOR LOOP
GLOUCESTER, MA 01930

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0752 - Animal Specialty Services

Loan Approval Date

8/18/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $24,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Gloucester MA, you ought to talk with a local Gloucester SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gloucester businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,000 loan. Remember, anyone can do it... so why not you?

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:

How to Raise Money

Small Bank Loans in Gloucester, Massachusetts

Massachusetts SBA Bank Lenders