Getting an SBA Loan for Fish and Seafood Markets

Looking for SBA loans for fish and seafood markets? An SBA loan may be just what you've been looking for. This $15,000 fish and seafood markets loan was issued by a Massachusetts bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Eastern Bank, out of Boston, Massachusetts. The loan was granted and they received $15,000 to help grow their Peabody, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: FISH AND SEAFOOD MARKETS
PEABODY, MA 01960

SBA Loan Lender

EASTERN BANK
265 FRANKLIN ST
BOSTON, MA 02110

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

445220 - Fish and Seafood Markets

Loan Approval Date

7/2/2003

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Peabody MA, you ought to talk with a local Peabody SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Peabody businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Eastern Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Eastern Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Angel Investors

SBA Approved Banks in Boston, Massachusetts

Massachusetts SBA Bank Lenders