General Freight Trucking, Local Commercial Loans

Looking for commercial loans for general freight trucking, local? An SBA loan may be just what you've been looking for. This $13,900 general freight trucking, local loan was issued by a Massachusetts bank.

This business knew how to go about getting a business bank loan. Based in Swansea, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Bankfive, based in Fall River, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL
SWANSEA, MA 02777

SBA Loan Lender

BANKFIVE
79 N MAIN ST
FALL RIVER, MA 02720

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

7/7/2005

Loan Approval Gross Amount

$13,900

Loan Approval from the SBA

Of the total $13,900 loan amount, the SBA guaranteed $6,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

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

If you are wondering how to raise money for a company in Swansea MA, you ought to talk with a local Swansea SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Swansea businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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