How to Get a Loan for Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System

With these business loans for search, detection, navigation, guidance, aeronautical, and nautical system, the SBA guarantees the lender that the loan will be repaid. This search, detection, navigation, guidance, aeronautical, and nautical system loan for $396,800 was given to a Massachusetts entrepreneur in 2001.

Getting a small business loan in Stow, Massachusetts was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Middlesex Savings Bank, operating out of Acton, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: AERONAUTICAL AND NAUTICAL SEARCH AND NAVIGATION
STOW, MA 01775

SBA Loan Lender

MIDDLESEX SAVINGS BANK
291 MAIN ST
ACTON, MA 01720

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3812 - Aeronautical and Nautical Search and Navigation

NAICS Code

334511 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System

Loan Approval Date

8/21/2001

Loan Approval Gross Amount

$396,800

Loan Approval from the SBA

Of the total $396,800 loan amount, the SBA guaranteed $357,120.

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

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Stow or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Acton, Massachusetts

Browse All Business Loan Sources for Massachusetts