SBA Loans for Fine Arts Schools

Looking for SBA loans for fine arts schools? Talk to a banker who works with the SBA. This $70,000 fine arts schools loan was issued by a Massachusetts bank.

This small business knew how to go about getting a business bank loan. Based in Sandwich, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Cape Cod Co-Operative Bank, based in Yarmouth Port, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND EDUCATIONAL SERVICES
SANDWICH, MA 02563

SBA Loan Lender

CAPE COD CO-OPERATIVE BANK
221 WILLOW ST
YARMOUTH PORT, MA 02675

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8299 - Schools and Educational Services

NAICS Code

611610 - Fine Arts Schools

Loan Approval Date

12/18/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

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 6 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cape Cod Co-Operative Bank 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:

SBIR Funding

SBA 7A Banks in Yarmouth Port, Massachusetts

Massachusetts SBA 7A Lenders