Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Who Can Get a Business Loan in Mattapan, Massachusetts?

 

 
Loan Census SBA Loan Info

Financing for Administrative Management and General Management Consulting Services

Looking for loans for administrative management and general management consulting services? Try the SBA. This $224,000 administrative management and general management consulting services loan was issued by a Massachusetts bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Td Banknorth, out of Worcester, Massachusetts. The loan was granted and they received $224,000 to help grow their Mattapan, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT CONSULTING SERVICES
MATTAPAN, MA 02126

SBA Loan Lender

TD BANKNORTH
370 MAIN ST
WORCESTER, MA 01608

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8742 - Management Consulting Services

NAICS Code

541611 - Administrative Management and General Management Consulting Services

Loan Approval Date

3/18/2003

Loan Approval Gross Amount

$224,000

Loan Approval from the SBA

Of the total $224,000 loan amount, the SBA guaranteed $168,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 Td Banknorth 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:

Choosing VC Firms

SBA Approved Banks in Worcester, Massachusetts

Massachusetts SBA 7A Lenders