Entrepreneur Works With Greenfield, Massachusetts Bank to Get an SBA Loan
Want to talk with a Greenfield, Massachusetts bank about a small business loan? Here's one Massachusetts business loan, issued by a Greenfield bank, that was approved by the SBA.
Applying for an SBA loan with Greenfield Co-Operative Bank worked out well for our friends at one local firm in Greenfield (town Of), Massachusetts. They received an SBA loan for $50,000. Nice!
SBA Loan Borrower
COMPANY TYPE: HOME FURNISHING MERCHANT WHOLESALERS
GREENFIELD (TOWN OF), MA 01301
SBA Loan Lender
GREENFIELD CO-OPERATIVE BANK
63 FEDERAL ST
GREENFIELD, MA 01301
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
423220 - Home Furnishing Merchant Wholesalers
Loan Approval Date
3/7/2007
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $37,500.
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. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Greenfield Co-Operative 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.
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