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May 4, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Ipswich, Business Loans > 1st National Bank - Ipswich Ipswich Business Loans > Lithographic Commercial Printing Loan | ||||
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SBA Lenders in Massachusetts
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Cambridge, Massachusetts Business Gets SBA-Guaranteed Funding from 1st National Bank - Ipswich1st National Bank - Ipswich has a track record as a leading provider of SBA loans. Find out how this Massachusetts entrepreneur received an SBA loan from them. Getting a small business loan in Cambridge, Massachusetts was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Ipswich, operating out of Ipswich, Massachusetts. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: LITHOGRAPHIC COMMERCIAL PRINTING SBA Loan Lender 1ST NATIONAL BANK - IPSWICH This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2752 - Lithographic Commercial Printing NAICS Code 323110 - Commercial Lithographic Printing Loan Approval Date 4/17/2006 Loan Approval Gross Amount $870,000 Loan Approval from the SBA Of the total $870,000 loan amount, the SBA guaranteed $652,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you need seed money for 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: SBA 7A Lenders in Ipswich, Massachusetts
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