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May 4, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Worcester, Business Loans > Flagship Bank & Trust Worcester Business Loans > Child Day Care Services Loan | ||||
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Business Loans for Northboro (rr Name For Northbo Entrepreneurs
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Loans for Child Day Care ServicesWith these loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $408,500 was given to a Massachusetts entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Northboro (rr Name For Northbo, Massachusetts was able to borrow $408,500 from Flagship Bank & Trust. The SBA made the loan possible by guaranteeing $306,375 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FLAGSHIP BANK & TRUST This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 6/20/2007 Loan Approval Gross Amount $408,500 Loan Approval from the SBA Of the total $408,500 loan amount, the SBA guaranteed $306,375. 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 19 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 19 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Northboro (rr Name For Northbo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks in Worcester, Massachusetts
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