Franklin, Massachusetts Bank Gives SBA Loan to Plumbing, Heating, And Air-Conditioning Contractors Company

Want to talk with a Franklin, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a Franklin bank, that was approved by the SBA.

Applying for an SBA loan with Benjamin Franklin Bank worked out well for our friends at one local firm in Canton, Massachusetts. They got an SBA loan for $1,275,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS
CANTON, MA 02021

SBA Loan Lender

BENJAMIN FRANKLIN BANK
58 MAIN ST
FRANKLIN, MA 02038

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238220 - Plumbing, Heating, and Air-Conditioning Contractors

Loan Approval Date

1/11/2008

Loan Approval Gross Amount

$1,275,000

Loan Approval from the SBA

Of the total $1,275,000 loan amount, the SBA guaranteed $956,250.

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 30 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 25 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

This SBA loan was for $1,275,000. How would you spend $1,275,000 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.

Related Links:

504 Loans

SBA Banks in Franklin, Massachusetts

Getting an SBA Loan in Massachusetts