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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Fall River, Business Loans > Bank - Fall River A Co-Operati Fall River Business Loans > Finfish Fishing Loan | ||||
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Fall River, Massachusetts SBA Banks
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Entrepreneur Works With Fall River, Massachusetts Bank to Get an SBA LoanThinking about meeting with a Fall River, Massachusetts bank about a business loan? Here's one Massachusetts business loan, issued by a Fall River bank, that was approved by the SBA. Applying for an SBA loan with Bank - Fall River A Co-Operati worked out well for our friends at one local business in New Bedford, Massachusetts. They got an SBA loan for $30,000. Way to go! SBA Loan Borrower COMPANY TYPE: FINFISH FISHING SBA Loan Lender BANK - FALL RIVER A CO-OPERATI The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 114111 - Finfish Fishing Loan Approval Date 1/23/2003 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 5 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in New Bedford or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Microlending as a Small Business Funding Source Who Lends Money to Small Businesses in Fall River, Massachusetts Browse All Business Loan Sources for Massachusetts
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