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April 27, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Rockland, Business Loans > Rockland Trust Company Rockland Business Loans > Custom Computer Programming Services Loan | ||||
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Banks Doing SBA Loans in Massachusetts
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Rockland, Massachusetts Bank Lends Money to Custom Computer Programming Services Company in Cambridge, MassachusettsThinking about meeting with a Rockland, Massachusetts bank about a business loan? Here's one Massachusetts business loan, issued by a Rockland bank, that was approved by the SBA. Applying for an SBA loan with Rockland Trust Company worked out well for our friends at one local firm in Cambridge, Massachusetts. They received an SBA loan for $250,000. Nice! SBA Loan Borrower COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES SBA Loan Lender ROCKLAND TRUST COMPANY 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 541511 - Custom Computer Programming Services Loan Approval Date 12/5/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 15 employees. The loan application indicated that the loan would help retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Obtaining Funding - How to Decide How Much to Raise Who Lends Money to Small Businesses in Rockland, Massachusetts
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