SBA Loan from Massachusetts Business Helps Sheet Metal Work Manufacturing Company

An SBA loan from Massachusetts Business typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Manchester, New Hampshire business owner got a $800,000 loan.

Getting a small business loan in Manchester, New Hampshire was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Massachusetts Business, operating out of Wakefield, Massachusetts. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: SHEET METAL WORK MANUFACTURING
MANCHESTER, NH 03109

SBA Loan Lender

MASSACHUSETTS BUSINESS
500 EDGEWATER DR., SUITE 555
WAKEFIELD, MA 01880

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

9/8/2006

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

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 loan application indicated that the loan would help retain 22 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $800,000 loan. Remember, if it to be, it is up to me!

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.

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