 |
 |
May 4, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Worcester, Business Loans > Flagship Bank & Trust Worcester Business Loans > General Automotive Repair Loan | ||||
 |
||||
Worcester SBA Lenders
|
||||
 |
Entrepreneur Works With Worcester, Massachusetts Bank to Get an SBA LoanThinking about meeting with a Worcester, Massachusetts bank about a small business loan? Here's one Massachusetts business loan, issued by a Worcester bank, that was approved by the SBA. Applying for an SBA loan with Flagship Bank & Trust worked out well for our friends at one local firm in Sutton, Massachusetts. They got an SBA loan for $440,000. Sweet! SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender FLAGSHIP BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 12/19/2007 Loan Approval Gross Amount $440,000 Loan Approval from the SBA Of the total $440,000 loan amount, the SBA guaranteed $330,000. 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Sutton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Banks in Worcester, Massachusetts
|
|
||
|
||||
|
|
||||