Single Family Housing Construction Small Business Loans

Looking for small business loans for single family housing construction? An SBA loan may be just what you've been looking for. This $15,200 single family housing construction loan was issued by a Massachusetts bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Florence Savings Bank, out of Florence, Massachusetts. The loan was granted and they received $15,200 to help grow their Hampton Mills, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: SINGLE FAMILY HOUSING CONSTRUCTION
HAMPTON MILLS, MA 01027

SBA Loan Lender

FLORENCE SAVINGS BANK
85 MAIN ST
FLORENCE, MA 01062

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

233210 - Single Family Housing Construction

Loan Approval Date

3/6/2003

Loan Approval Gross Amount

$15,200

Loan Approval from the SBA

Of the total $15,200 loan amount, the SBA guaranteed $7,600.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $15,200 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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 Loan

SBA 7A Banks in Florence, Massachusetts

Getting an SBA Loan in Massachusetts