Broadwoven Fabric Finishing Mills Small Business Loans

Looking for small business loans for broadwoven fabric finishing mills? Talk to a banker who works with the SBA. This $67,200 broadwoven fabric finishing mills loan was issued by a Massachusetts bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Slade's Ferry Trust Company, out of Somerset, Massachusetts. The loan was granted and they received $67,200 to help grow their New Bedford, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: FINISHERS OF BROADWOVEN FABRICS OF COTTON
NEW BEDFORD, MA 02745

SBA Loan Lender

SLADE'S FERRY TRUST COMPANY
100 SLADE'S FERRY AVE
SOMERSET, MA 02726

This lender issued this particular 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

2261 - Finishers of Broadwoven Fabrics of Cotton

NAICS Code

313311 - Broadwoven Fabric Finishing Mills

Loan Approval Date

1/4/2001

Loan Approval Gross Amount

$67,200

Loan Approval from the SBA

Of the total $67,200 loan amount, the SBA guaranteed $57,120.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in New Bedford MA, you ought to talk with a local New Bedford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Bedford businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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