Greenfield, Massachusetts Entrepreneur Gets a Small Business Loan

Small business loans in Massachusetts are hard to find these days. We take a look at one Massachusetts small business loan, provided by a Massachusetts bank, that was approved by the SBA.

You can learn something about getting a small business loan in Greenfield, Massachusetts by studying this loan to a local company, made back in 2005. Banks like Greenfield Savings Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: PET AND PET SUPPLIES STORES
GREENFIELD, MA 01342

SBA Loan Lender

GREENFIELD SAVINGS BANK
400 MAIN ST
GREENFIELD, MA 01302

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

9/2/2005

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Greenfield MA, you ought to talk with a local Greenfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greenfield businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Greenfield Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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Banks in Greenfield, Massachusetts

SBA Lenders in Massachusetts