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March 29, 2024  
 
 
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Rockland Lenders

 

 
Loan Census SBA Loan Info

Rockland, Massachusetts Bank Lends Money to No Industry Type Specified Company in Hyannis, Massachusetts

Find Rockland, Massachusetts banks that specialize in business loans and know how to work with entrepreneurs. Rockland Trust Company is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Hyannis, Massachusetts starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Rockland Trust Company. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
HYANNIS, MA 02601

SBA Loan Lender

ROCKLAND TRUST COMPANY
288 UNION ST
ROCKLAND, MA 02370

This lender processed this commercial 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.

NAICS Code

525930 -

Loan Approval Date

3/8/2006

Loan Approval Gross Amount

$128,000

Loan Approval from the SBA

Of the total $128,000 loan amount, the SBA guaranteed $64,000.

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 no employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Rockland Trust Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Rockland Trust Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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