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November 14, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Everett, Business Loans > Everett Co-Operative Bank Everett Business Loans > Solid Waste Collection Loan | ||||
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How Do We Get a Business Loan in Malden, Massachusetts?
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Getting an SBA Loan for Solid Waste CollectionLooking for commercial loans for solid waste collection? The SBA may be the answer. This $25,000 solid waste collection loan was issued by a Massachusetts bank. This business knew how to go about getting a business bank loan. Based in Malden, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Everett Co-Operative Bank, based in Everett, Massachusetts. SBA Loan Borrower COMPANY TYPE: SOLID WASTE COLLECTION SBA Loan Lender EVERETT CO-OPERATIVE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 562111 - Solid Waste Collection Loan Approval Date 12/11/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 Everett Co-Operative 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: Banking Deregulation's Effects on Entrepreneurship SBA Banks in Everett, Massachusetts
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