Business Loan from Danversbank Given to Flower, Nursery Stock, And Florists' Supplies Wholesalers Company
Danversbank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Massachusetts entrepreneur was able to get a loan to take a small business to the next level.
This small firm knew how to go about getting a business bank loan. Based in Ipswich (census Name For Ipswi, Massachusetts, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Danversbank, based in Danvers, Massachusetts.
SBA Loan Borrower
COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES WHOLESALERS
IPSWICH (CENSUS NAME FOR IPSWI, MA 01938
SBA Loan Lender
DANVERSBANK
1 CONANT ST
DANVERS, MA 01923
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
422930 - Flower, Nursery Stock, and Florists' Supplies Wholesalers
Loan Approval Date
12/6/2002
Loan Approval Gross Amount
$348,400
Loan Approval from the SBA
Of the total $348,400 loan amount, the SBA guaranteed $261,300.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
SBIR Funding
Where to Get an SBA Loan in Danvers, Massachusetts
Find an SBA Lender in Massachusetts