Loan Census Banking News and Information
May 3, 2024  
 
 
  Business Loan Information  
 

Worcester, Massachusetts Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Masonry Contractors Business Loans

Looking for business loans for masonry contractors? Talk to a banker who works with the SBA. This $20,816 masonry contractors loan was issued by a Maine bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Td Banknorth, out of Portland, Maine. The loan was granted and they received $20,816 to help grow their Worcester, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: MASONRY CONTRACTORS
WORCESTER, MA 01602

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

This SBA 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

238140 - Masonry Contractors

Loan Approval Date

1/24/2003

Loan Approval Gross Amount

$20,816

Loan Approval from the SBA

Of the total $20,816 loan amount, the SBA guaranteed $10,408.

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

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Worcester 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:

504 Loans

Best Banks in Portland, Maine

SBA Lenders in Maine