Local Business Gets a Massachusetts SBA Loan
Looking to get a Massachusetts business loan? This Massachusetts entrepreneur got a business loan, provided by a Nevada bank that works with the SBA to help small business owners.
By giving the right information to Washington Mutual Bank, this Mansfield, Massachusetts business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
MANSFIELD, MA 02048
SBA Loan Lender
WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
621210 - Dentists
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $113,200 loan amount, the SBA guaranteed $84,900.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to raise money for a company in Mansfield MA, you ought to talk with a local Mansfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mansfield businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $113,200 loan. Remember, where there is a will, there is a way!
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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