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December 20, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Medford, Business Loans > Century Bank And Trust Company Medford Business Loans > Offices And Clinics Of Doctors Of Medicine Loan | ||||
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Small Business Loans from Century Bank And Trust Company
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Century Bank And Trust Company SBA Loan to Offices And Clinics Of Doctors Of Medicine CompanyAn SBA loan from Century Bank And Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Melrose, Massachusetts business owner got a $180,000 loan. This business knew how to go about getting a business bank loan. Based in Melrose, Massachusetts, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Century Bank And Trust Company, based in Medford, Massachusetts. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE SBA Loan Lender CENTURY BANK AND TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8011 - Offices and Clinics of Doctors of Medicine Loan Approval Date 6/13/2000 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $135,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - Friends and Family Good Banks for Small Business in Medford, Massachusetts
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