Bowling Centers Small Business Loans

With these small business loans for bowling centers, the SBA guarantees the lender that the loan will be repaid. This bowling centers loan for $250,000 was given to a Massachusetts entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in E. Brookfield, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Webster Five Cents Savings Bk, based in Webster, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
E. BROOKFIELD, MA 01515

SBA Loan Lender

WEBSTER FIVE CENTS SAVINGS BK
136 THOMPSON RD
WEBSTER, MA 01570

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713950 - Bowling Centers

Loan Approval Date

4/19/2005

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 a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Webster Five Cents Savings Bk that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Equity Financing

SBA Banks in Webster, Massachusetts

Massachusetts SBA Banks