Entrepreneur Works With Ware, Massachusetts Bank to Get an SBA Loan
Get to know Ware, Massachusetts banks that specialize in business loans and know how to work with entrepreneurs. Familyfirst Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Ware (census Name For Ware Cen, Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Familyfirst Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: HEALTH AND PERSONAL CARE STORES
WARE (CENSUS NAME FOR WARE CEN, MA 01082
SBA Loan Lender
FAMILYFIRST BANK
40 MAIN ST
WARE, MA 01082
This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
446199 - Health and Personal Care Stores
Loan Approval Date
1/7/2008
Loan Approval Gross Amount
$138,000
Loan Approval from the SBA
Of the total $138,000 loan amount, the SBA guaranteed $69,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the funding would help generate 2 new jobs.
Next Steps for Getting an SBA Loan
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Obtaining Funding - How to Decide How Much to Raise
Who Lends Money to Small Businesses in Ware, Massachusetts
Massachusetts SBA Banks