SBA Loan from Benjamin Franklin Bank Helps Burial Casket Manufacturing Company

An SBA loan from Benjamin Franklin Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Uxbridge (census Name Uxbridge, Massachusetts business owner got a $20,000 loan.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Benjamin Franklin Bank, out of Franklin, Massachusetts. The loan was granted and they received $20,000 to help grow their Uxbridge (census Name Uxbridge, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: BURIAL CASKET MANUFACTURING
UXBRIDGE (CENSUS NAME UXBRIDGE, MA 01569

SBA Loan Lender

BENJAMIN FRANKLIN BANK
58 MAIN ST
FRANKLIN, MA 02038

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

339995 - Burial Casket Manufacturing

Loan Approval Date

8/26/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Benjamin Franklin Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Obtaining Funding - Friends and Family

Small Bank Loans in Franklin, Massachusetts

SBA Massachusetts Lenders