How to Get a Loan for Store Retailers

Looking for business loans for store retailers? An SBA loan may be just what you've been looking for. This $25,200 store retailers loan was issued by a Massachusetts bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with North Middlesex Savings Bank, out of Ayer, Massachusetts. The loan was granted and they received $25,200 to help grow their Littleton, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
LITTLETON, MA 01460

SBA Loan Lender

NORTH MIDDLESEX SAVINGS BANK
7 MAIN ST
AYER, MA 01432

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

10/5/2000

Loan Approval Gross Amount

$25,200

Loan Approval from the SBA

Of the total $25,200 loan amount, the SBA guaranteed $20,160.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like North Middlesex Savings Bank and they will explain how you can get an SBA loan for your company.

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:

Debt Financing

Banks in Ayer, Massachusetts

SBA Participating Banks in Massachusetts