Salisbury Bank & Trust Company SBA Loan to Retail Nurseries, Lawn And Garden Supply Stores Company

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

This growing firm needed an SBA business loan in Great Barrington, Massachusetts back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Salisbury Bank & Trust Company, operating out of Canaan, Connecticut. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL NURSERIES, LAWN AND GARDEN SUPPLY STORES
GREAT BARRINGTON, MA 01230

SBA Loan Lender

SALISBURY BANK & TRUST COMPANY
100 MAIN ST
CANAAN, CT 06018

This lender issued this particular small business loan 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

5261 - Retail Nurseries, Lawn and Garden Supply Stores

Loan Approval Date

4/4/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:

Microlending as a Small Business Funding Source

Banks in Canaan, Connecticut

Connecticut SBA 7A Lenders