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December 20, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Worcester, Business Loans > Flagship Bank & Trust Worcester Business Loans > Apparel And Accessory Stores Loan | ||||
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Small Business Banks for Businesses in Massachusetts
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Holden, Massachusetts Entrepreneur Gets an SBA LoanMassachusettsBank loans are available to Massachusetts firms through the SBA. In this case, a Massachusetts bank provides the loan. Getting a small business loan in Holden, Massachusetts was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Flagship Bank & Trust. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: APPAREL AND ACCESSORY STORES SBA Loan Lender FLAGSHIP BANK & TRUST This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5699 - Apparel and Accessory Stores Loan Approval Date 5/24/2000 Loan Approval Gross Amount $158,900 Loan Approval from the SBA Of the total $158,900 loan amount, the SBA guaranteed $119,175. More Information on This SBA Loan The borrower borrowed this money for a new 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 borrowed money would help create 4 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Flagship Bank & Trust 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. Related Links: Obtaining Funding - Getting Venture Capital SBA Participating Banks in Worcester, Massachusetts
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