Getting an SBA Loan for Charter Bus Industry

Looking for commercial loans for charter bus industry? Talk to a banker who works with the SBA. This $75,000 charter bus industry loan was issued by a Massachusetts bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of America, out of Waltham, Massachusetts. The loan was granted and they received $75,000 to help grow their Westminster, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: LOCAL BUS CHARTER SERVICE
WESTMINSTER, MA 01473

SBA Loan Lender

BANK OF AMERICA
1075 MAIN ST/MS MADE 13502C
WALTHAM, MA 02451

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4141 - Local Bus Charter Service

NAICS Code

485510 - Charter Bus Industry

Loan Approval Date

7/21/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 18 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Microlending as a Small Business Funding Source

SBA 7A Banks for Waltham, Massachusetts Loans

Getting an SBA Loan in Massachusetts