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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Medford, Business Loans > Century Bank And Trust Company Medford Business Loans > Fabricated Plate Work Loan | ||||
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Massachusetts Small Business Funding
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Where to Get Capital for Plate Work ManufacturingLooking for small business loans for plate work manufacturing? An SBA loan may be just what you've been looking for. This $732,000 plate work manufacturing loan was issued by a Massachusetts bank. This company knew how to go about getting a business bank loan. Based in Quincy, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Century Bank And Trust Company, based in Medford, Massachusetts. SBA Loan Borrower COMPANY TYPE: FABRICATED PLATE WORK SBA Loan Lender CENTURY BANK AND TRUST COMPANY SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3443 - Fabricated Plate Work NAICS Code 332313 - Plate Work Manufacturing Loan Approval Date 1/10/2003 Loan Approval Gross Amount $732,000 Loan Approval from the SBA Of the total $732,000 loan amount, the SBA guaranteed $549,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Century Bank And Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA Approved Banks in Medford, Massachusetts
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