Commercial Loans for Office Machinery and Equipment Rental and Leasing
Looking for commercial loans for office machinery and equipment rental and leasing? An SBA loan may be just what you've been looking for. This $38,000 office machinery and equipment rental and leasing loan was issued by a Massachusetts bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lee (census Name For Lee Cente, Massachusetts was able to borrow $38,000 from Lee Bank. The SBA made the loan possible by guaranteeing $19,000 of this Massachusetts small business loan.
SBA Loan Borrower
COMPANY TYPE: OFFICE MACHINERY AND EQUIPMENT RENTAL AND LEASING
LEE (CENSUS NAME FOR LEE CENTE, MA 01238
SBA Loan Lender
LEE BANK
75 PARK ST
LEE, MA 01238
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
532420 - Office Machinery and Equipment Rental and Leasing
Loan Approval Date
8/30/2006
Loan Approval Gross Amount
$38,000
Loan Approval from the SBA
Of the total $38,000 loan amount, the SBA guaranteed $19,000.
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. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Lee Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Financing Your Business
SBA Participating Banks in Lee, Massachusetts
SBA Massachusetts Banks