Get an SBA Loan for Personal and Household Goods Repair and Maintenance

With these small business loans for personal and household goods repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This personal and household goods repair and maintenance loan for $250,000 was given to a Massachusetts entrepreneur in 2000.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Middlesex Savings Bank, out of Hopkinton, Massachusetts. The loan was granted and they received $250,000 to help grow their Medford, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: WATCH, CLOCK, AND JEWELRY REPAIR
MEDFORD, MA 02155

SBA Loan Lender

MIDDLESEX SAVINGS BANK
10 MAIN ST
HOPKINTON, MA 01748

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7631 - Watch, Clock, and Jewelry Repair

NAICS Code

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

6/23/2000

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 4 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Role of Business Plan When Raising Money

SBA 7A Banks for Hopkinton, Massachusetts Loans

SBA Lenders in Massachusetts