Raising Money for Packaging and Labeling Services

Looking for bank loans for packaging and labeling services? Try the SBA. This $290,000 packaging and labeling services loan was issued by a Massachusetts bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Eastern Bank, out of Boston, Massachusetts. The loan was granted and they received $290,000 to help grow their Pembroke, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: PACKAGING AND LABELING SERVICES
PEMBROKE, MA 02359

SBA Loan Lender

EASTERN BANK
265 FRANKLIN ST
BOSTON, MA 02110

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

561910 - Packaging and Labeling Services

Loan Approval Date

6/8/2006

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $145,000.

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 7 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

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

While you may be able to find other ways to get money to start a business, 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:

Equity Financing

Where to Get an SBA Loan in Boston, Massachusetts

Getting a Business Loan in Massachusetts