Business Loans for Machine Shops

Looking for business loans for machine shops? An SBA loan may be just what you've been looking for. This $5,000 machine shops loan was issued by a Massachusetts bank.

This small business knew how to go about getting a business bank loan. Based in Salem, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Rbs Citizens, based in Norwood, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
SALEM, NH 03079

SBA Loan Lender

RBS CITIZENS
725 CANTON ST
NORWOOD, MA 02062

This SBA 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

332710 - Machine Shops

Loan Approval Date

8/9/2001

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Salem NH, you ought to talk with a local Salem SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salem businesses.

We can help you find the best banks for small businesses in Salem or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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SBA 7A Lenders in Norwood, Massachusetts

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