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April 20, 2021  
 
 
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Massachusetts Bank SBA Loans

 

 
Loan Census SBA Loan Info

Sovereign Bank SBA Loan to Special Trade Contractors Company

Searching for a Massachusetts small business loan? Here's one Massachusetts business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Falmouth, Massachusetts was able to borrow $78,000 from Sovereign Bank. The SBA made the loan possible by guaranteeing $39,000 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
EAST FALMOUTH, MA 02536

SBA Loan Lender

SOVEREIGN BANK
75 STATE ST
BOSTON, MA 02109

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

1799 - Special Trade Contractors

Loan Approval Date

6/19/2000

Loan Approval Gross Amount

$78,000

Loan Approval from the SBA

Of the total $78,000 loan amount, the SBA guaranteed $39,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $78,000. How would you spend $78,000 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.

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