Pittsfield, Massachusetts Bank Gives SBA Loan to Local Trucking Without Storage Company

Get to know Pittsfield, Massachusetts banks that specialize in business loans and know how to work with entrepreneurs. Pittsfield Co-Operative Bk is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in North Adams, Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Pittsfield Co-Operative Bk. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
NORTH ADAMS, MA 01247

SBA Loan Lender

PITTSFIELD CO-OPERATIVE BK
70 SOUTH ST
PITTSFIELD, MA 01201

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4212 - Local Trucking Without Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

12/5/2001

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in North Adams MA, you ought to talk with a local North Adams SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Adams businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Getting a Small Business Loan

Where to Get an SBA Loan in Pittsfield, Massachusetts

Where to Get an SBA Loan Massachusetts