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May 9, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Barber Shops Loan | ||||
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Jamaica Plain, Massachusetts Bank for SBA Loans
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Barber Shops Small Business LoansWith these small business loans for barber shops, the SBA guarantees the lender that the loan will be repaid. This barber shops loan for $25,000 was given to a Massachusetts entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jamaica Plain, Massachusetts was able to borrow $25,000 from Bank Of America. The SBA made the loan possible by guaranteeing $21,250 of this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: BARBER SHOPS SBA Loan Lender BANK OF AMERICA This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812111 - Barber Shops Loan Approval Date 7/3/2001 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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 Bank Of America 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: Raising VC Money for Social Networking Companies Small Bank Loans in Providence, Rhode Island
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