Abington, Massachusetts Bank Gives SBA Loan to Lessors Of Nonresidential Buildings Company

Want to talk with an Abington, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by an Abington bank, that was approved by the SBA.

Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local business in Wareham, Massachusetts. The business was able to get an SBA loan for $199,800. Sweet!

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
WAREHAM, MA 02188

SBA Loan Lender

SOVEREIGN BANK
533 WASHINGTON ST
ABINGTON, MA 02351

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

10/19/2000

Loan Approval Gross Amount

$199,800

Loan Approval from the SBA

Of the total $199,800 loan amount, the SBA guaranteed $149,850.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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