Financing for Printing and Writing Paper Merchant Wholesalers

With these commercial loans for printing and writing paper merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This printing and writing paper merchant wholesalers loan for $120,000 was given to a Massachusetts entrepreneur in 2007.

Getting a small business loan in Taunton, Massachusetts was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Community Bank, operating out of Sandwich, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: PRINTING AND WRITING PAPER MERCHANT WHOLESALERS
TAUNTON, MA 02780

SBA Loan Lender

THE COMMUNITY BANK
337 COTUIT RD
SANDWICH, MA 02563

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

424110 - Printing and Writing Paper Merchant Wholesalers

Loan Approval Date

5/11/2007

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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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