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May 9, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Florence, Business Loans > Florence Savings Bank Florence Business Loans > Men's Clothing Stores Loan | ||||
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Florence Bank Loan
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Florence, Massachusetts Lender Lends Money to Men's Clothing Stores CompanyWant to talk with a Florence, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a Florence bank, that was approved by the SBA. Applying for an SBA loan with Florence Savings Bank worked out well for our friends at one local firm in Northhampton, Massachusetts. They got an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: MEN'S CLOTHING STORES SBA Loan Lender FLORENCE SAVINGS BANK This lender provides SBA loan for small businesses 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 448110 - Men's Clothing Stores Loan Approval Date 11/19/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The loan application indicated that the funding would help create 2 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them! 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 Florence, Massachusetts Banks for Small Business Find an SBA Lender in Massachusetts
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