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May 17, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Danvers, Business Loans > Danversbank Danvers Business Loans > Fish And Seafood Markets Loan | ||||
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How to Get an SBA Loan from Danversbank
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SBA Loan from Danversbank Helps Fish And Seafood Markets CompanyAn SBA loan from Danversbank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ipswich (census Name For Ipswi, Massachusetts business owner got a $68,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ipswich (census Name For Ipswi, Massachusetts was able to borrow $68,000 from Danversbank. The SBA made the loan possible by guaranteeing $57,800 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: FISH AND SEAFOOD MARKETS SBA Loan Lender DANVERSBANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445220 - Fish and Seafood Markets Loan Approval Date 12/5/2003 Loan Approval Gross Amount $68,000 Loan Approval from the SBA Of the total $68,000 loan amount, the SBA guaranteed $57,800. 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 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Danversbank and they will explain how you can get an SBA loan for your company. 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: How Much Venture Capital Is There? Small Bank Loans in Danvers, Massachusetts
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