Greenfield, Massachusetts Bank Lends Money to Grocery Stores Company in Northfield, Massachusetts

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

Applying for an SBA loan with Greenfield Co-Operative Bank worked out well for our friends at one local company in Northfield, Massachusetts. They got an SBA loan for $68,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
NORTHFIELD, MA 01360

SBA Loan Lender

GREENFIELD CO-OPERATIVE BANK
63 FEDERAL ST
GREENFIELD, MA 01301

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

3/15/2000

Loan Approval Gross Amount

$68,000

Loan Approval from the SBA

Of the total $68,000 loan amount, the SBA guaranteed $54,400.

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 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Northfield MA, you ought to talk with a local Northfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Northfield businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Greenfield Co-Operative Bank 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.

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