Where to Get Capital for Analytical Laboratory Instrument Manufacturing

Looking for small business loans for analytical laboratory instrument manufacturing? An SBA loan may be just what you've been looking for. This $75,000 analytical laboratory instrument manufacturing loan was issued by a Massachusetts bank.

This company knew how to go about getting a business bank loan. Based in Marlborough (rr Name Marlboro), Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Flagship Bank & Trust, based in Worcester, Massachusetts.

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

The lender provided this business loan 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.

SIC Code

3826 - Laboratory Analytical Instruments

NAICS Code

334516 - Analytical Laboratory Instrument Manufacturing

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

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

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Marlborough (rr Name Marlboro) MA, you ought to talk with a local Marlborough (rr Name Marlboro) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marlborough (rr Name Marlboro) businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Flagship Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Credit Evaluation

Best Worcester, Massachusetts Banks for Small Business

Massachusetts SBA 7A Lenders