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November 25, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Webster, Business Loans > Hometown Bank A Co-Operative B Webster Business Loans > Health And Allied Services Loan | ||||
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Massachusetts Bank SBA Loans
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Webster, Massachusetts Bank Lends Money to Health And Allied Services Company in Spencer, MassachusettsA Webster, Massachusetts small business loan can be yours. Learn how a company got a $24,650 business loan from this Massachusetts bank. This loan to an entrepreneur is a good example of an SBA loan. Hometown Bank A Co-Operative B made the loan and the SBA guaranteed a portion of the loan. Many other Massachusetts entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: HEALTH AND ALLIED SERVICES SBA Loan Lender HOMETOWN BANK A CO-OPERATIVE B This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8099 - Health and Allied Services Loan Approval Date 9/1/2000 Loan Approval Gross Amount $24,650 Loan Approval from the SBA Of the total $24,650 loan amount, the SBA guaranteed $19,720. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $24,650 loan. Remember, where there is a will, there is a way! 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: SBA Participating Banks in Webster, Massachusetts
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