 |
 |
April 24, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Acton, Business Loans > Middlesex Savings Bank Acton Business Loans > Eating Places Loan | ||||
 |
||||
SBA Lender Acton, Massachusetts
|
||||
 |
Acton, Massachusetts Bank Lends Money to Eating Places Company in Lunenburg, MassachusettsWant to talk with an Acton, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by an Acton bank, that was approved by the SBA. Applying for an SBA loan with Middlesex Savings Bank worked out well for our friends at one local business in Lunenburg, Massachusetts. They got an SBA loan for $125,000. Great job! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender MIDDLESEX SAVINGS BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/1/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Bank Loans in Acton, Massachusetts
|
|
||
|
||||
|
|
||||