Danvers, Massachusetts Bank Lends Money to Carpentry Contractors Company in Woburn, Massachusetts

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

Applying for an SBA loan with Danversbank worked out well for our friends at one local business in Woburn, Massachusetts. They got an SBA loan for $240,000. Great job!

SBA Loan Borrower

COMPANY TYPE: CARPENTRY CONTRACTORS
WOBURN, MA 01801

SBA Loan Lender

DANVERSBANK
1 CONANT ST
DANVERS, MA 01923

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235510 - Carpentry Contractors

Loan Approval Date

3/19/2002

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

This SBA loan was for $240,000. How would you spend $240,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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