Financing for Personal Services

With these commercial loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $47,300 was given to a Massachusetts entrepreneur in 2003.

Getting a small business loan in Peabody, Massachusetts was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Danversbank, operating out of Danvers, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
PEABODY, MA 01960

SBA Loan Lender

DANVERSBANK
1 CONANT ST
DANVERS, MA 01923

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

9/8/2003

Loan Approval Gross Amount

$47,300

Loan Approval from the SBA

Of the total $47,300 loan amount, the SBA guaranteed $40,205.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Financing Your Business

Find an SBA Lender in Danvers, Massachusetts

Where to Get an SBA Loan Massachusetts