Sunderland, Massachusetts Business Gets SBA-Guaranteed Funding from Greenfield Co-Operative Bank

An SBA loan from Greenfield Co-Operative Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sunderland, Massachusetts business owner got a $32,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sunderland, Massachusetts was able to borrow $32,000 from Greenfield Co-Operative Bank. The SBA made the loan possible by guaranteeing $27,200 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD MANUFACTURING
SUNDERLAND, MA 01375

SBA Loan Lender

GREENFIELD CO-OPERATIVE BANK
63 FEDERAL ST
GREENFIELD, MA 01301

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311999 - Food Manufacturing

Loan Approval Date

6/28/2007

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $27,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Greenfield Co-Operative Bank 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.

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SBA Banks in Greenfield, Massachusetts

SBA Participating Banks in Massachusetts