Webster, Massachusetts Lender Lends Money to Textile Goods Company

Want to talk with a Webster, Massachusetts bank about a small business loan? Here's one Massachusetts business loan, issued by a Webster bank, that was approved by the SBA.

Applying for an SBA loan with Hometown Bank A Co-Operative B worked out well for our friends at one local firm in North Oxford, Massachusetts. The business was able to get an SBA loan for $275,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: TEXTILE GOODS
NORTH OXFORD, MA 01537

SBA Loan Lender

HOMETOWN BANK A CO-OPERATIVE B
218 MAIN ST
WEBSTER, MA 01570

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2299 - Textile Goods

NAICS Code

313230 - Nonwoven Fabric Mills

Loan Approval Date

1/12/2001

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $206,250.

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 16 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $275,000 loan. Remember, you control your own destiny.

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

Best Webster, Massachusetts Banks for Small Business

SBA Massachusetts Lenders