How to Get a Loan for Office Administrative Services

Looking for business loans for office administrative services? Try the SBA. This $240,000 office administrative services loan was issued by a Massachusetts bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Westfield Bank, out of Westfield, Massachusetts. The loan was granted and they received $240,000 to help grow their Springfield, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: MANAGEMENT SERVICES
SPRINGFIELD, MA 01139

SBA Loan Lender

WESTFIELD BANK
141 ELM ST
WESTFIELD, MA 01085

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8741 - Management Services

NAICS Code

561110 - Office Administrative Services

Loan Approval Date

5/11/2001

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

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 11 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Westfield Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - Getting Venture Capital

SBA Approved Banks in Westfield, Massachusetts

SBA Lenders in Massachusetts