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May 3, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Danvers, Business Loans > Danversbank Danvers Business Loans > Nondurable Goods Wholesalers Loan | ||||
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Small Business Banks for Entrepreneurs in Massachusetts
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Devereux, Massachusetts Entrepreneur Gets a Small Business LoanSBA loans in Massachusetts are hard to find these days. We take a look at one Massachusetts SBA loan, provided by a Massachusetts bank, that was approved by the SBA. Getting a small business loan in Devereux, Massachusetts was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Danversbank. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS WHOLESALERS SBA Loan Lender DANVERSBANK 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 422990 - Nondurable Goods Wholesalers Loan Approval Date 11/22/2002 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Who Lends Money to Small Businesses in Danvers, Massachusetts Find an SBA Lender in Massachusetts
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