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April 20, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Boston, Business Loans > United Commercial Bank Boston Business Loans > Supermarkets And Grocery Stores Loan | ||||
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I Need a Loan in Lowell, Massachusetts
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Supermarkets and Grocery Stores SBA LoansLooking for SBA loans for supermarkets and grocery stores? Try the SBA. This $350,000 supermarkets and grocery stores loan was issued by a Massachusetts bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with United Commercial Bank, out of Boston, Massachusetts. The loan was granted and they received $350,000 to help grow their Lowell, Massachusetts business. SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender UNITED COMMERCIAL BANK This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 445110 - Supermarkets and Grocery Stores Loan Approval Date 12/28/2005 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 17 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 17 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Lowell or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Banks in Boston, Massachusetts
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