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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > South Yarmouth, Business Loans > Td Banknorth South Yarmouth Business Loans > Commercial Physical And Biological Research Loan | ||||
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Banks in South Yarmouth, Massachusetts That Make SBA Loans
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South Yarmouth, Massachusetts Bank Gives SBA Loan to Commercial Physical And Biological Research CompanyA South Yarmouth, Massachusetts business loan can be yours. Learn how a business got a $1,000,000 business loan from this Massachusetts bank. This loan to a local firm is a good example of an SBA loan. Td Banknorth made the loan and the SBA guaranteed a portion of the loan. Many other Massachusetts entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PHYSICAL AND BIOLOGICAL RESEARCH SBA Loan Lender TD BANKNORTH This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8731 - Commercial Physical and Biological Research NAICS Code Loan Approval Date 4/24/2003 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $700,000. 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 13 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Good Banks for Small Business in South Yarmouth, Massachusetts SBA Participating Banks in Massachusetts
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