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April 27, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Salem, Business Loans > Salem Five Cents Savings Bank Salem Business Loans > Ceramic Wall And Floor Tile Manufacturing Loan | ||||
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We Needed an SBA Loan in Cambridge, Massachusetts and We Got One!
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How to Get a Loan for Ceramic Wall and Floor Tile ManufacturingLooking for business loans for ceramic wall and floor tile manufacturing? Try the SBA. This $100,000 ceramic wall and floor tile manufacturing loan was issued by a Massachusetts bank. This small business knew how to go about getting a business bank loan. Based in Cambridge, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Salem Five Cents Savings Bank, based in Salem, Massachusetts. SBA Loan Borrower COMPANY TYPE: CERAMIC WALL AND FLOOR TILE MANUFACTURING SBA Loan Lender SALEM FIVE CENTS SAVINGS BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327122 - Ceramic Wall and Floor Tile Manufacturing Loan Approval Date 6/18/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Cambridge 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 Participating Banks in Salem, Massachusetts
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