Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Somerville, Massachusetts Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Chiropractors

Looking for bank loans for chiropractors? Talk to a banker who works with the SBA. This $11,800 chiropractors loan was issued by a Massachusetts bank.

Getting a small business loan in Somerville, Massachusetts was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens, operating out of Boston, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
SOMERVILLE, MA 02144

SBA Loan Lender

RBS CITIZENS
28 STATE ST
BOSTON, MA 02109

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

621310 - Chiropractors

Loan Approval Date

10/9/2001

Loan Approval Gross Amount

$11,800

Loan Approval from the SBA

Of the total $11,800 loan amount, the SBA guaranteed $5,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Rbs Citizens so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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