Personal Services Business Loans

With these business loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $97,000 was given to a Massachusetts entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Middleboro, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Mayflower Co-Operative Bank, based in Middleborough, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
MIDDLEBORO, MA 02346

SBA Loan Lender

MAYFLOWER CO-OPERATIVE BANK
30 S MAIN ST
MIDDLEBOROUGH, MA 02346

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

6/21/2001

Loan Approval Gross Amount

$97,000

Loan Approval from the SBA

Of the total $97,000 loan amount, the SBA guaranteed $82,450.

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 only one employee. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Middleboro MA, you ought to talk with a local Middleboro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Middleboro businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Incubators

Banks in Middleborough, Massachusetts

SBA Massachusetts Lenders