SBA Loan from Greenfield Co-Operative Bank Helps Specialized Local Freight Trucking Company
Greenfield Co-Operative Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Massachusetts entrepreneur was able to get a loan to take a small business to the next level.
This growing company knew how to go about getting a business bank loan. Based in Shelburne Falls, Massachusetts, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Greenfield Co-Operative Bank, based in Greenfield, Massachusetts.
SBA Loan Borrower
COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING
SHELBURNE FALLS, MA 01370
SBA Loan Lender
GREENFIELD CO-OPERATIVE BANK
63 FEDERAL ST
GREENFIELD, MA 01301
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
484220 - Specialized Local Freight Trucking
Loan Approval Date
10/20/2006
Loan Approval Gross Amount
$8,500
Loan Approval from the SBA
Of the total $8,500 loan amount, the SBA guaranteed $4,250.
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 only one employee. This SBA loan request indicated that the funding would help generate 1 new job.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Business Credit Evaluation
Who Lends Money to Small Businesses in Greenfield, Massachusetts
Massachusetts SBA Banks