Worcester, Massachusetts Lender Lends Money to Building Cleaning And Maintenance Services, N.E.C Company

Thinking about meeting with a Worcester, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a Worcester bank, that was approved by the SBA.

Applying for an SBA loan with Commerce Bank & Trust Company worked out well for our friends at one local firm in Shrewsbury, Massachusetts. The business was able to get an SBA loan for $20,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: BUILDING CLEANING AND MAINTENANCE SERVICES, N.E.C
SHREWSBURY, MA 01545

SBA Loan Lender

COMMERCE BANK & TRUST COMPANY
386 MAIN ST
WORCESTER, MA 01608

This bank 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.

SIC Code

7349 - Building Cleaning and Maintenance Services, N.E.C

NAICS Code

561720 - Janitorial Services

Loan Approval Date

1/26/2000

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 18 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 18 existing jobs.

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

If you have been wondering how do i get money to start a business in Shrewsbury MA, you ought to talk with a local Shrewsbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shrewsbury businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Commerce Bank & 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:

The Art of Bootstrapping

Best Banks for Small Business in Worcester, Massachusetts

SBA Lenders in Massachusetts