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November 25, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Wakefield, Business Loans > Massachusetts Business Wakefield Business Loans > Colleges, Universities, And Professional Schools Loan | ||||
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Massachusetts Business Loans from Massachusetts Business
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Business Loan from Massachusetts Business Given to Colleges, Universities, And Professional Schools CompanyMassachusetts Business and the SBA work together to get business loans for growing small businesses. Here's an example of how a Massachusetts entrepreneur was able to get a loan to take a small business to the next level. This small firm knew how to go about getting a business bank loan. Based in Turners Falls, Massachusetts, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Massachusetts Business, based in Wakefield, Massachusetts. SBA Loan Borrower COMPANY TYPE: COLLEGES, UNIVERSITIES, AND PROFESSIONAL SCHOOLS SBA Loan Lender MASSACHUSETTS BUSINESS This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611310 - Colleges, Universities, and Professional Schools Loan Approval Date 1/18/2005 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 32 employees. The SBA loan documents indicated that the loan would help retain 32 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you have been wondering how do i get money to start a business in Turners Falls MA, you ought to talk with a local Turners Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Turners Falls businesses. We can help you find the best banks for small businesses in Turners Falls 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: Family and Friend Investors - Your First Financiers Find an SBA Lender in Wakefield, Massachusetts Browse All Business Loan Sources for Massachusetts
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