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May 10, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Norwood, Business Loans > Rbs Citizens Norwood Business Loans > Sporting Goods Stores Loan | ||||
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Massachusetts Bank SBA Loans
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Norwood, Massachusetts Bank Gives SBA Loan to Sporting Goods Stores CompanyThinking about meeting with a Norwood, Massachusetts bank about a small business loan? Here's one New Hampshire business loan, issued by a Norwood bank, that was approved by the SBA. Applying for an SBA loan with Rbs Citizens worked out well for our friends at one local company in Londonderry, New Hampshire. They got an SBA loan for $5,000. Great job! SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES SBA Loan Lender RBS CITIZENS The lender provided this SBA business 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 451110 - Sporting Goods Stores Loan Approval Date 3/28/2003 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $2,500. 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. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 Rbs Citizens 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: Good Banks for Small Business in Norwood, Massachusetts
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