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December 25, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > School And Employee Bus Transportation Loan | ||||
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How to Get SBA Money in Norwell, Massachusetts
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Norwell, Massachusetts Entrepreneur Gets a Small Business LoanMassachusettsSmall business loans are available to Massachusetts small business owners through the SBA. In this case, a Rhode Island bank provides the loan. Getting a small business loan in Norwell, Massachusetts was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: SCHOOL AND EMPLOYEE BUS TRANSPORTATION SBA Loan Lender RBS CITIZENS This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 485410 - School and Employee Bus Transportation Loan Approval Date 9/16/2003 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. 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 17 employees. The loan application indicated that the loan would help retain 17 existing jobs. Next Steps for Getting an SBA Loan If you are raising money in Norwell MA, you ought to talk with a local Norwell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Norwell businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Best Banks for Small Business in Providence, Rhode Island
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