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March 29, 2024  
 
 
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Loan Census SBA Loan Info

Bank Loans for Research and Development in the Social Sciences and Humanities

With these bank loans for research and development in the social sciences and humanities, the SBA guarantees the lender that the loan will be repaid. This research and development in the social sciences and humanities loan for $100,000 was given to a Massachusetts entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Newburyport, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Danversbank, based in Danvers, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: RESEARCH AND DEVELOPMENT IN THE SOCIAL SCIENCES AND HUMANITIES
NEWBURYPORT, MA 01950

SBA Loan Lender

DANVERSBANK
1 CONANT ST
DANVERS, MA 01923

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541720 - Research and Development in the Social Sciences and Humanities

Loan Approval Date

5/15/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

Related Links:

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Danvers, Massachusetts

Getting an SBA Loan in Massachusetts