Loan Census Banking News and Information
October 19, 2020  
 
 
  Business Loan Information  
 

Chicopee, Massachusetts Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Chicopee, Massachusetts Bank Gives SBA Loan to Building Inspection Services Company

Want to talk with a Chicopee, Massachusetts bank about a small business loan? Here's one Massachusetts business loan, issued by a Chicopee bank, that was approved by the SBA.

Applying for an SBA loan with Chicopee Savings Bank worked out well for our friends at one local firm in Longmeadow, Massachusetts. They received an SBA loan for $30,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: BUILDING INSPECTION SERVICES
LONGMEADOW, MA 01106

SBA Loan Lender

CHICOPEE SAVINGS BANK
70 CENTER ST
CHICOPEE, MA 01013

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

541350 - Building Inspection Services

Loan Approval Date

2/23/2006

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 no employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $30,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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