Entrepreneur Works With Worcester, Massachusetts Bank to Get an SBA Loan

Get to know Worcester, Massachusetts banks that specialize in SBA loans and know how to work with entrepreneurs. Flagship Bank & Trust is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Marlborough (rr Name Marlboro), Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Flagship Bank & Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LABORATORY ANALYTICAL INSTRUMENTS
MARLBOROUGH (RR NAME MARLBORO), MA 01752

SBA Loan Lender

FLAGSHIP BANK & TRUST
120 FRONT ST
WORCESTER, MA 01608

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3826 - Laboratory Analytical Instruments

NAICS Code

334516 - Analytical Laboratory Instrument Manufacturing

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

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 18 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 18 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Marlborough (rr Name Marlboro) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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