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November 22, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Springfield, Business Loans > Bank - Western Massachusetts Springfield Business Loans > Peter Plourde Or Nominee Loan | ||||
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Westfield, Massachusetts Bank Loan
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Westfield, MA Entrepreneur Gets SBA Loan to Buy Plato's Closet FranchiseBorrowing money to purchase a Plato's Closet franchise? Bank - Western Massachusetts has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Westfield, Massachusetts needed money to invest in a Plato's Closet franchise back in 2005. Bank - Western Massachusetts issued an SBA franchise loan. Here are the details on this Massachusetts small business loan. SBA Loan Borrower PETER PLOURDE OR NOMINEE SBA Loan Lender BANK - WESTERN MASSACHUSETTS This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 448140 - Family Clothing Stores Loan Approval Date 5/16/2005 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Plato's Closet franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 13 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Westfield 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: Microlending as a Small Business Funding Source Small Business Banks in Springfield, Massachusetts Getting an SBA Loan in Massachusetts
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