SBA Loan from South Shore Savings Bank Helps Motor Vehicle Towing Company

An SBA loan from South Shore Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Weymouth (town Of), Massachusetts business owner got a $10,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Weymouth (town Of), Massachusetts, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was South Shore Savings Bank, based in South Weymouth, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
WEYMOUTH (TOWN OF), MA 02188

SBA Loan Lender

SOUTH SHORE SAVINGS BANK
1530 MAIN ST
SOUTH WEYMOUTH, MA 02190

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

488410 - Motor Vehicle Towing

Loan Approval Date

1/30/2006

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like South Shore Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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