Tradebinding and Related Work Small Business Loans

Looking for small business loans for tradebinding and related work? An SBA loan may be just what you've been looking for. This $18,000 tradebinding and related work loan was issued by a Massachusetts bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Pittsfield Co-Operative Bk, out of Pittsfield, Massachusetts. The loan was granted and they received $18,000 to help grow their Lee, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: BOOKBINDING AND RELATED WORK
LEE, MA 01238

SBA Loan Lender

PITTSFIELD CO-OPERATIVE BK
70 SOUTH ST
PITTSFIELD, MA 01201

This lender issued this particular 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

2789 - Bookbinding and Related Work

NAICS Code

323121 - Tradebinding and Related Work

Loan Approval Date

3/4/2002

Loan Approval Gross Amount

$18,000

Loan Approval from the SBA

Of the total $18,000 loan amount, the SBA guaranteed $15,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pittsfield Co-Operative Bk that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Microlending as a Small Business Funding Source

SBA 7A Banks in Pittsfield, Massachusetts

Massachusetts SBA 7A Lenders