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April 28, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Sandwich, Business Loans > Sovereign Bank Sandwich Business Loans > Physical Fitness Facilities Loan | ||||
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Banks in Sandwich, Massachusetts That Make SBA Loans
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Sandwich, Massachusetts Lender Lends Money to Physical Fitness Facilities CompanyThinking about meeting with a Sandwich, Massachusetts bank about an SBA loan? Here's one Massachusetts business loan, issued by a Sandwich bank, that was approved by the SBA. Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local company in Taunton, Massachusetts. They got an SBA loan for $120,000. Way to go! SBA Loan Borrower COMPANY TYPE: PHYSICAL FITNESS FACILITIES SBA Loan Lender SOVEREIGN BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7991 - Physical Fitness Facilities NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 2/23/2001 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: A Company That Helps Entrepreneurs SBA Approved Banks in Sandwich, Massachusetts
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