Loan Census Banking News and Information
December 25, 2024  
 
 
  Business Loan Information  
 

Massachusetts Small Business Funding

 

 
Loan Census SBA Loan Info

Raising Money for Book Publishers

Looking for bank loans for book publishers? The SBA may be the answer. This $13,300 book publishers loan was issued by a Massachusetts bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Rbs Citizens, out of Boston, Massachusetts. The loan was granted and they received $13,300 to help grow their Lynn, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: BOOK PUBLISHERS
LYNN, MA 01901

SBA Loan Lender

RBS CITIZENS
28 STATE ST
BOSTON, MA 02109

The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

511130 - Book Publishers

Loan Approval Date

3/25/2004

Loan Approval Gross Amount

$13,300

Loan Approval from the SBA

Of the total $13,300 loan amount, the SBA guaranteed $6,650.

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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

How to Raise Money

SBA Banks in Boston, Massachusetts

SBA Participating Banks in Massachusetts