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May 4, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Weymouth, Business Loans > South Shore Co-Operative Bank Weymouth Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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SBA Lender Braintree Massachusetts
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Automotive Body, Paint, and Interior Repair and Maintenance Business LoansWith these business loans for automotive body, paint, and interior repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This automotive body, paint, and interior repair and maintenance loan for $300,000 was given to a Massachusetts entrepreneur in 2005. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with South Shore Co-Operative Bank, out of Weymouth, Massachusetts. The loan was granted and they received $300,000 to help grow their Braintree, Massachusetts business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender SOUTH SHORE CO-OPERATIVE BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 11/3/2005 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. 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 8 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels 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. This SBA loan was for $300,000. How would you spend $300,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Weymouth, Massachusetts
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