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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Abington, Business Loans > Sovereign Bank Abington Business Loans > Accounting Services Loan | ||||
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How to Get a Business Loan in Marshfield (census Name For Ma, Massachusetts
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Marshfield (census Name For Ma, Massachusetts Entrepreneur Gets a Bank LoanMassachusettsBusiness loans are available to Massachusetts business owners through the SBA. In this case, a Massachusetts bank provides the loan. Getting a small business loan in Marshfield (census Name For Ma, Massachusetts was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Sovereign Bank. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: ACCOUNTING SERVICES SBA Loan Lender SOVEREIGN BANK The lender provided this SBA bank 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. NAICS Code 541219 - Accounting Services Loan Approval Date 10/16/2002 Loan Approval Gross Amount $54,000 Loan Approval from the SBA Of the total $54,000 loan amount, the SBA guaranteed $27,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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 Sovereign Bank 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: Best Banks for Small Business in Abington, Massachusetts
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