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May 2, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Boston, Business Loans > Sovereign Bank Boston Business Loans > Florists Loan | ||||
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Massachusetts Small Business Funding
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Getting an SBA Loan for FloristsLooking for business loans for florists? Talk to a banker who works with the SBA. This $150,000 florists loan was issued by a Massachusetts bank. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Sovereign Bank, out of Boston, Massachusetts. The loan was granted and they received $150,000 to help grow their Holden (holden Center), Massachusetts business. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender SOVEREIGN BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 3/24/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Holden (holden Center) MA, you ought to talk with a local Holden (holden Center) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Holden (holden Center) businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Approved Banks in Boston, Massachusetts Getting an SBA Loan in Massachusetts
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