West Springfield, Massachusetts Bank Lends Money to Book, Periodical, And Newspaper Merchant Wholesalers Company in Wilbraham, Massachusetts

Thinking about meeting with a West Springfield, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a West Springfield bank, that was approved by the SBA.

Applying for an SBA loan with United Bank worked out well for our friends at one local firm in Wilbraham, Massachusetts. The business was able to get an SBA loan for $25,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: BOOK, PERIODICAL, AND NEWSPAPER MERCHANT WHOLESALERS
WILBRAHAM, MA 01095

SBA Loan Lender

UNITED BANK
95 ELM ST
WEST SPRINGFIELD, MA 01089

This commercial 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

424920 - Book, Periodical, and Newspaper Merchant Wholesalers

Loan Approval Date

10/3/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to borrow money from friends and family, 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.

Related Links:

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SBA Banks in West Springfield, Massachusetts

SBA Massachusetts Banks