Business Loan from Massachusetts Business Given to Colleges, Universities, And Professional Schools Company
Massachusetts 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
TURNERS FALLS, MA 01376
SBA Loan Lender
MASSACHUSETTS BUSINESS
500 EDGEWATER DR., SUITE 555
WAKEFIELD, MA 01880
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:
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Find an SBA Lender in Wakefield, Massachusetts
Browse All Business Loan Sources for Massachusetts