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May 10, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > West Springfield, Business Loans > Newalliance Bank West Springfield Business Loans > Business Service Centers Loan | ||||
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How to Get SBA Loans in Easthampton (town Of), Massachusetts
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Where to Get Capital for Business Service CentersLooking for SBA loans for business service centers? Try the SBA. This $320,000 business service centers loan was issued by a Massachusetts bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Easthampton (town Of), Massachusetts was able to borrow $320,000 from Newalliance Bank. The SBA made the loan possible by guaranteeing $160,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICE CENTERS SBA Loan Lender NEWALLIANCE BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561439 - Business Service Centers Loan Approval Date 1/31/2006 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $160,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Newalliance Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Banking Deregulation's Effects on Entrepreneurship Small Bank Loans in West Springfield, Massachusetts
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