Commercial Loans for Frozen Specialty Food Manufacturing

With these commercial loans for frozen specialty food manufacturing, the SBA guarantees the lender that the loan will be repaid. This frozen specialty food manufacturing loan for $8,500 was given to a Massachusetts entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in South Deerfield, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Greenfield Co-Operative Bank, based in Greenfield, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: FROZEN SPECIALTY FOOD MANUFACTURING
SOUTH DEERFIELD, MA 01373

SBA Loan Lender

GREENFIELD CO-OPERATIVE BANK
63 FEDERAL ST
GREENFIELD, MA 01301

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

311412 - Frozen Specialty Food Manufacturing

Loan Approval Date

8/3/2004

Loan Approval Gross Amount

$8,500

Loan Approval from the SBA

Of the total $8,500 loan amount, the SBA guaranteed $4,250.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in South Deerfield MA, you ought to talk with a local South Deerfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to South Deerfield businesses.

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 $8,500 loan. Remember, if it to be, it is up to me!

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:

The Friends and Family Network

Who Lends Money to Small Businesses in Greenfield, Massachusetts

Where to Get an SBA Loan Massachusetts