Entrepreneur Works With Haverhill, Massachusetts Bank to Get an SBA Loan

Want to talk with a Haverhill, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a Haverhill bank, that was approved by the SBA.

Applying for an SBA loan with Pentucket Bank worked out well for our friends at one local company in Haverhill, Massachusetts. They received an SBA loan for $150,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: COMPUTER FACILITIES MANAGEMENT SERVICES
HAVERHILL, MA 01830

SBA Loan Lender

PENTUCKET BANK
235 LINCOLN AVE
HAVERHILL, MA 01830

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7376 - Computer Facilities Management Services

NAICS Code

541513 - Computer Facilities Management Services

Loan Approval Date

12/16/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Find an SBA Lender in Haverhill, Massachusetts

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