Borrowing Money for Similar Organizations

With these bank loans for similar organizations, the SBA guarantees the lender that the loan will be repaid. This similar organizations loan for $5,000 was given to a Massachusetts entrepreneur in 2002.

Getting a small business loan in Newton, Massachusetts was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens, operating out of Norwood, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: SIMILAR ORGANIZATIONS
NEWTON, MA 02467

SBA Loan Lender

RBS CITIZENS
725 CANTON ST
NORWOOD, MA 02062

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

813990 - Similar Organizations

Loan Approval Date

10/28/2002

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

We can help you find the best banks for small businesses in Newton 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.

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