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April 27, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Danvers, Business Loans > Danversbank Danvers Business Loans > Human Resources Consulting Services Loan | ||||
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SBA Lenders in Massachusetts
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Human Resources Consulting Services Commercial LoansLooking for commercial loans for human resources consulting services? Talk to a banker who works with the SBA. This $100,000 human resources consulting services loan was issued by a Massachusetts bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Danversbank, out of Danvers, Massachusetts. The loan was granted and they received $100,000 to help grow their Peabody, Massachusetts business. SBA Loan Borrower COMPANY TYPE: HUMAN RESOURCES CONSULTING SERVICES SBA Loan Lender DANVERSBANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 541612 - Human Resources Consulting Services Loan Approval Date 11/13/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $100,000 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: Good Banks for Small Business in Danvers, Massachusetts
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