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May 12, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Wareham, Business Loans > Eastern Bank Wareham Business Loans > Manufacturing Loan | ||||
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SBA Lender Wareham
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Wareham, Massachusetts Lender Lends Money to Manufacturing CompanyWant to talk with a Wareham, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a Wareham bank, that was approved by the SBA. Applying for an SBA loan with Eastern Bank worked out well for our friends at one local business in Cataumet, Massachusetts. The business was able to get an SBA loan for $200,000. Sweet! SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender EASTERN BANK This small business 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 339999 - Manufacturing Loan Approval Date 8/25/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 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 19 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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: Find an SBA Lender in Wareham, Massachusetts
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