Berkshire Bank SBA Loan to Eating Places Company

Berkshire Bank has a track record as a leading provider of SBA loans. Find out how this Massachusetts entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Great Barrington, Massachusetts, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Berkshire Bank, based in Great Barrington, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
GREAT BARRINGTON, MA 01230

SBA Loan Lender

BERKSHIRE BANK
244 MAIN ST
GREAT BARRINGTON, MA 01230

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/26/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Great Barrington MA, you ought to talk with a local Great Barrington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Great Barrington businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Berkshire Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Banks in Great Barrington, Massachusetts

SBA Lenders in Massachusetts