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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Fairhaven, Business Loans > Slade's Ferry Trust Company Fairhaven Business Loans > Marinas Loan | ||||
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Examples of New Bedford SBA Loans
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Loans for MarinasWith these loans for marinas, the SBA guarantees the lender that the loan will be repaid. This marinas loan for $180,000 was given to a Massachusetts entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Bedford, Massachusetts was able to borrow $180,000 from Slade's Ferry Trust Company. The SBA made the loan possible by guaranteeing $135,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: MARINAS SBA Loan Lender SLADE'S FERRY 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 small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4493 - Marinas NAICS Code 713930 - Marinas Loan Approval Date 4/12/2000 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. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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: SBA 7A Lenders in Fairhaven, Massachusetts Massachusetts SBA Bank Lenders
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