Borrowing Money for Florists

With these bank loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $15,000 was given to a Massachusetts entrepreneur in 2004.

Getting a small business loan in Sandwich (census Name For Sand, Massachusetts was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from The Community Bank, operating out of Brockton, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
SANDWICH (CENSUS NAME FOR SAND, MA 02563

SBA Loan Lender

THE COMMUNITY BANK
1265 BELMONT ST
BROCKTON, MA 02301

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

453110 - Florists

Loan Approval Date

11/15/2004

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Strategic Investors

SBA Banks in Brockton, Massachusetts

SBA Lenders in Massachusetts