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May 18, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Portland, Business Loans > Td Banknorth Portland Business Loans > Pressed And Blown Glass And Glassware Manufacturing Loan | ||||
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Getting SBA Loans from Td Banknorth
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Td Banknorth SBA Loan to Pressed And Blown Glass And Glassware Manufacturing CompanyTd Banknorth and the SBA work together to get business loans for growing small businesses. Here's an example of how a Massachusetts entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sagamore, Massachusetts was able to borrow $244,000 from Td Banknorth. The SBA made the loan possible by guaranteeing $183,000 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: PRESSED AND BLOWN GLASS AND GLASSWARE MANUFACTURING SBA Loan Lender TD BANKNORTH This lender provides SBA bank loans 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 327212 - Pressed and Blown Glass and Glassware Manufacturing Loan Approval Date 10/18/2004 Loan Approval Gross Amount $244,000 Loan Approval from the SBA Of the total $244,000 loan amount, the SBA guaranteed $183,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Portland, Maine Banks for Small Business
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