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October 19, 2020  
 
 
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How Hard Is It to Get a Small Business Loan in Methuen, Massachusetts?

 

 
Loan Census SBA Loan Info

Financing for Printing and Writing Paper Wholesalers

Looking for commercial loans for printing and writing paper wholesalers? Talk to a banker who works with the SBA. This $35,000 printing and writing paper wholesalers loan was issued by a Massachusetts bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Lowell Five Cent Savings Bank, out of Lowell, Massachusetts. The loan was granted and they received $35,000 to help grow their Methuen, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: PRINTING AND WRITING PAPER
METHUEN, MA 01844

SBA Loan Lender

LOWELL FIVE CENT SAVINGS BANK
1 MERRIMACK PLZ
LOWELL, MA 01852

This lender issued this particular bank loan 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

5111 - Printing and Writing Paper

NAICS Code

422110 - Printing and Writing Paper Wholesalers

Loan Approval Date

6/13/2000

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $28,000.

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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

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 Lowell Five Cent Savings 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:

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SBA Participating Banks in Lowell, Massachusetts

Massachusetts SBA 7A Lenders