Marlborough, Massachusetts Bank Gives SBA Loan to Drywall And Insulation Contractors Company

Want to talk with a Marlborough, Massachusetts bank about a small business loan? Here's one New Hampshire business loan, issued by a Marlborough bank, that was approved by the SBA.

Applying for an SBA loan with Digital Fcu worked out well for our friends at one local firm in Nashua, New Hampshire. They got an SBA loan for $50,000. Great job!

SBA Loan Borrower

COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS
NASHUA, NH 03060

SBA Loan Lender

DIGITAL FCU
220 DONALD LYNCH BLVD
MARLBOROUGH, MA 01752

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

238310 - Drywall and Insulation Contractors

Loan Approval Date

3/1/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Nashua NH, you ought to talk with a local Nashua SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nashua businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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Where to Get an SBA Loan in Marlborough, Massachusetts

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