West Springfield, Massachusetts Lender Lends Money to Book, Periodical, And Newspaper Merchant Wholesalers Company

Get to know West Springfield, Massachusetts banks that specialize in business loans and know how to work with entrepreneurs. United Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Holyoke, Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from United Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BOOK, PERIODICAL, AND NEWSPAPER MERCHANT WHOLESALERS
HOLYOKE, MA 01040

SBA Loan Lender

UNITED BANK
95 ELM ST
WEST SPRINGFIELD, MA 01089

This lender processed this 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

424920 - Book, Periodical, and Newspaper Merchant Wholesalers

Loan Approval Date

1/6/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from United Bank 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.

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