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May 4, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Abington, Business Loans > Sovereign Bank Abington Business Loans > Snack Food Manufacturing Loan | ||||
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Business Loan from Sovereign Bank
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Business Loan from Sovereign Bank Given to Snack Food Manufacturing CompanyAn SBA loan from Sovereign Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hanson (rr Name South Hanson), Massachusetts business owner got a $100,000 loan. This growing company knew how to go about getting a business bank loan. Based in Hanson (rr Name South Hanson), Massachusetts, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Sovereign Bank, based in Abington, Massachusetts. SBA Loan Borrower COMPANY TYPE: SNACK FOOD MANUFACTURING SBA Loan Lender SOVEREIGN BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311919 - Snack Food Manufacturing Loan Approval Date 8/13/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $75,000. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Hanson (rr Name South Hanson) MA, you ought to talk with a local Hanson (rr Name South Hanson) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hanson (rr Name South Hanson) businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Sovereign Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: How Much Venture Capital Is There? Best Banks for Small Business in Abington, Massachusetts Where to Get an SBA Loan Massachusetts
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