Greenfield, Massachusetts Bank Lends Money to Fitness And Recreational Sports Centers Company in Orange, Massachusetts
A Greenfield, Massachusetts small business loan can be yours. Learn how a business got a $165,000 business loan from this Massachusetts bank.
This loan to a local firm is a good example of an SBA loan. Greenfield Co-Operative Bank made the loan and the SBA guaranteed a portion of the loan. Many other Massachusetts entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
ORANGE, MA 01364
SBA Loan Lender
GREENFIELD CO-OPERATIVE BANK
63 FEDERAL ST
GREENFIELD, MA 01301
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
11/28/2007
Loan Approval Gross Amount
$165,000
Loan Approval from the SBA
Of the total $165,000 loan amount, the SBA guaranteed $123,750.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Greenfield Co-Operative Bank and they will explain how you can get an SBA loan for your company.
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:
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SBA 7A Lenders in Greenfield, Massachusetts
Where to Get an SBA Loan Massachusetts