Lowell, Massachusetts Bank Gives SBA Loan to Nonupholstered Wood Household Furniture Manufacturing Company

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

Applying for an SBA loan with Enterprise Bank & Trust worked out well for our friends at one local firm in Winchendon (census Name For Wi, Massachusetts. The business was able to get an SBA loan for $20,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: NONUPHOLSTERED WOOD HOUSEHOLD FURNITURE MANUFACTURING
WINCHENDON (CENSUS NAME FOR WI, MA 01475

SBA Loan Lender

ENTERPRISE BANK & TRUST
222 MERRIMACK ST
LOWELL, MA 01852

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

11/23/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Winchendon (census Name For Wi MA, you ought to talk with a local Winchendon (census Name For Wi SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Winchendon (census Name For Wi businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Getting an SBA Loan in Massachusetts