Hingham, MA Entrepreneur Gets SBA Loan to Buy Stratis Business Centers Franchise

Need money to buy a Stratis Business Centers franchise? South Shore Co-Operative Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Hingham, Massachusetts and are interested in buying a Stratis Business Centers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by South Shore Co-Operative Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

STRATIS BUSINESS CENTER
HINGHAM, MA 02043

SBA Loan Lender

SOUTH SHORE CO-OPERATIVE BANK
195 WASHINGTON ST
WEYMOUTH, MA 02188

This lender issued this particular commercial 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

6519 - Lessors of Real Property

NAICS Code

531190 - Lessors of Real Estate Property

Loan Approval Date

4/2/2003

Loan Approval Gross Amount

$137,600

Loan Approval from the SBA

Of the total $137,600 loan amount, the SBA guaranteed $116,960.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Stratis Business Centers franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. South Shore Co-Operative Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, South Shore Co-Operative Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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