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April 25, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Lenox, Business Loans > Legacy Banks Lenox Business Loans > Eating Places Loan | ||||
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Business Loan from Legacy Banks
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Business Loan from Legacy Banks Given to Eating Places CompanyAn SBA loan from Legacy Banks typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Great Barrington, Massachusetts business owner got a $365,000 loan. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Legacy Banks, out of Lenox, Massachusetts. The loan was granted and they received $365,000 to help grow their Great Barrington, Massachusetts business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender LEGACY BANKS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 9/22/2000 Loan Approval Gross Amount $365,000 Loan Approval from the SBA Of the total $365,000 loan amount, the SBA guaranteed $273,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. This SBA loan request 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Legacy Banks are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: A Company That Helps Entrepreneurs Who Lends Money to Small Businesses in Lenox, Massachusetts Find an SBA Lender in Massachusetts
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