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April 24, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Fall River, Business Loans > Bankfive Fall River Business Loans > Dentists Loan | ||||
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Examples of Fairhaven SBA Loans
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Dentists SBA LoansLooking for SBA loans for dentists? The SBA may be the answer. This $127,400 dentists loan was issued by a Massachusetts bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairhaven, Massachusetts was able to borrow $127,400 from Bankfive. The SBA made the loan possible by guaranteeing $63,700 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender BANKFIVE The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 621210 - Dentists Loan Approval Date 11/7/2006 Loan Approval Gross Amount $127,400 Loan Approval from the SBA Of the total $127,400 loan amount, the SBA guaranteed $63,700. 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 4 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Fairhaven 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 7A Banks in Fall River, Massachusetts
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