SBA Loan from Danversbank Helps Chiropractors Company

An SBA loan from Danversbank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a North Reading (town Of), Massachusetts business owner got a $25,000 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Danversbank, out of Danvers, Massachusetts. The loan was granted and they received $25,000 to help grow their North Reading (town Of), Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
NORTH READING (TOWN OF), MA 01864

SBA Loan Lender

DANVERSBANK
1 CONANT ST
DANVERS, MA 01923

The lender provided this commercial 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

621310 - Chiropractors

Loan Approval Date

8/8/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in North Reading (town Of) MA, you ought to talk with a local North Reading (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Reading (town Of) businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Danversbank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Danvers, Massachusetts

Getting a Business Loan in Massachusetts