SBA Loans for Nondurable Goods Wholesalers

With these SBA loans for nondurable goods wholesalers, the SBA guarantees the lender that the loan will be repaid. This nondurable goods wholesalers loan for $500,000 was given to a Massachusetts entrepreneur in 2002.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Massachusetts Business, out of Wakefield, Massachusetts. The loan was granted and they received $500,000 to help grow their Townsend (census Name For Town, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS WHOLESALERS
TOWNSEND (CENSUS NAME FOR TOWN, MA 01649

SBA Loan Lender

MASSACHUSETTS BUSINESS
500 EDGEWATER DR., SUITE 555
WAKEFIELD, MA 01880

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

422990 - Nondurable Goods Wholesalers

Loan Approval Date

9/25/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 52 employees. This SBA loan request indicated that the loan would help retain 52 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Townsend (census Name For Town MA, you ought to talk with a local Townsend (census Name For Town SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Townsend (census Name For Town businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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