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December 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Rockland, Business Loans > Rockland Trust Company Rockland Business Loans > Child Day Care Services Loan | ||||
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Banks in Rockland, Massachusetts That Make SBA Loans
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Rockland, Massachusetts Bank Gives SBA Loan to Child Day Care Services CompanyWant to talk with a Rockland, Massachusetts bank about a business loan? Here's one Massachusetts business loan, issued by a Rockland bank, that was approved by the SBA. Applying for an SBA loan with Rockland Trust Company worked out well for our friends at one local company in Rockland, Massachusetts. The business was able to get an SBA loan for $50,000. Great job! SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender ROCKLAND TRUST COMPANY This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 624410 - Child Day Care Services Loan Approval Date 4/17/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 9 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 9 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Rockland 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: Microlending as a Small Business Funding Source SBA Banks in Rockland, Massachusetts
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