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April 26, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Fall River, Business Loans > Bank - Fall River A Co-Operati Fall River Business Loans > Finfish Fishing Loan | ||||
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MA Business Loans from Bank - Fall River A Co-Operati
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Bank - Fall River A Co-Operati SBA Loan to Finfish Fishing CompanyAn SBA loan from Bank - Fall River A Co-Operati typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Bedford, Massachusetts business owner got a $99,300 loan. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bank - Fall River A Co-Operati, out of Fall River, Massachusetts. The loan was granted and they received $99,300 to help grow their New Bedford, Massachusetts business. SBA Loan Borrower COMPANY TYPE: FINFISH FISHING SBA Loan Lender BANK - FALL RIVER A CO-OPERATI The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 114111 - Finfish Fishing Loan Approval Date 4/24/2003 Loan Approval Gross Amount $99,300 Loan Approval from the SBA Of the total $99,300 loan amount, the SBA guaranteed $84,405. 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 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank - Fall River A Co-Operati and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 7A Lenders in Fall River, Massachusetts
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