Commercial Loans for Engineering Services
Looking for commercial loans for engineering services? Talk to a banker who works with the SBA. This $300,000 engineering services loan was issued by a Massachusetts bank.
This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Middlesex Savings Bank, out of Concord, Massachusetts. The loan was granted and they received $300,000 to help grow their North Billerica, Massachusetts business.
SBA Loan Borrower
COMPANY TYPE: ENGINEERING SERVICES
NORTH BILLERICA, MA 01862
SBA Loan Lender
MIDDLESEX SAVINGS BANK
64 MAIN ST
CONCORD, MA 01742
This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8711 - Engineering Services
NAICS Code
541330 - Engineering Services
Loan Approval Date
4/25/2001
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
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 10 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
The Friends and Family Network
SBA 7A Banks for Concord, Massachusetts Loans
Getting an SBA Loan in Massachusetts