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May 4, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Abington, Business Loans > Sovereign Bank Abington Business Loans > Lessors Of Real Estate Property Loan | ||||
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Banks Doing SBA Loans in Massachusetts
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Abington, Massachusetts Lender Lends Money to Lessors Of Real Estate Property CompanyFind Abington, Massachusetts banks that specialize in business loans and know how to work with entrepreneurs. Sovereign Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Avon, Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Sovereign Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: LESSORS OF REAL ESTATE PROPERTY SBA Loan Lender SOVEREIGN BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531190 - Lessors of Real Estate Property Loan Approval Date 9/30/2002 Loan Approval Gross Amount $540,000 Loan Approval from the SBA Of the total $540,000 loan amount, the SBA guaranteed $405,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Raising VC Money for Social Networking Companies Where to Get an SBA Loan in Abington, Massachusetts
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