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April 29, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Ayer, Business Loans > North Middlesex Savings Bank Ayer Business Loans > Laminated Plastics Plate, Sheet, And Profile Shape Loan | ||||
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Shirley Business Loans from North Middlesex Savings Bank
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Shirley, Massachusetts Business Gets SBA-Guaranteed Funding from North Middlesex Savings BankNorth Middlesex Savings Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Massachusetts entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Shirley, Massachusetts was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from North Middlesex Savings Bank, operating out of Ayer, Massachusetts. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: LAMINATED PLASTICS PLATE, SHEET, AND PROFILE SHAPE SBA Loan Lender NORTH MIDDLESEX SAVINGS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3083 - Laminated Plastics Plate, Sheet, and Profile Shape NAICS Code 326130 - Laminated Plastics Plate, Sheet, and Shape Manufacturing Loan Approval Date 1/22/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 11 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into North Middlesex Savings Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Who Lends Money to Small Businesses in Ayer, Massachusetts
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