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November 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Wakefield, Business Loans > Massachusetts Business Wakefield Business Loans > Radio And Television Broadcasting And Wireless Communications Equipment Loan | ||||
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SBA Loan from Massachusetts Business
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SBA Loan from Massachusetts Business Helps Radio And Television Broadcasting And Wireless Communications Equipment CompanyMassachusetts Business is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Massachusetts entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Lowell, Massachusetts, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Massachusetts Business, based in Wakefield, Massachusetts. SBA Loan Borrower COMPANY TYPE: RADIO AND TELEVISION BROADCASTING AND WIRELESS COMMUNICATIONS EQUIPMENT SBA Loan Lender MASSACHUSETTS BUSINESS As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334220 - Radio and Television Broadcasting and Wireless Communications Equipment Loan Approval Date 5/4/2001 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The SBA loan documents indicated that the funding would help create 29 new jobs. Getting an SBA Loan For Your Business If you need business start up money in Lowell MA, you ought to talk with a local Lowell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lowell businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Massachusetts Business had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Massachusetts Business 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. Related Links: Obtaining Funding - Friends and Family Best Banks for Small Business in Wakefield, Massachusetts Getting an SBA Loan in Massachusetts
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