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November 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Florence, Business Loans > Florence Savings Bank Florence Business Loans > Durable Goods Wholesalers Loan | ||||
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Getting an SBA Loan for Durable Goods WholesalersLooking for SBA loans for durable goods wholesalers? Talk to a banker who works with the SBA. This $100,000 durable goods wholesalers loan was issued by a Massachusetts bank. This business knew how to go about getting a business bank loan. Based in Northampton, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Florence Savings Bank, based in Florence, Massachusetts. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS WHOLESALERS SBA Loan Lender FLORENCE SAVINGS BANK This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 421990 - Durable Goods Wholesalers Loan Approval Date 8/7/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Raising VC Money for Social Networking Companies Best Banks in Florence, Massachusetts SBA Participating Banks in Massachusetts
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