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April 20, 2021  
 
 
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Worcester, Massachusetts Bank Lends Money to Radio, Television, And Electronics Stores Company in Marlborough, Massachusetts

Want to talk with a Worcester, Massachusetts bank about a small business loan? Here's one Massachusetts business loan, issued by a Worcester bank, that was approved by the SBA.

Applying for an SBA loan with Commerce Bank & Trust Company worked out well for our friends at one local company in Marlborough, Massachusetts. They got an SBA loan for $85,832. Awesome!

SBA Loan Borrower

COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES
MARLBOROUGH, MA 01752

SBA Loan Lender

COMMERCE BANK & TRUST COMPANY
386 MAIN ST
WORCESTER, MA 01608

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

11/30/2006

Loan Approval Gross Amount

$85,832

Loan Approval from the SBA

Of the total $85,832 loan amount, the SBA guaranteed $64,374.

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 17 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Advice on Getting a Small Business Loan

Best Worcester, Massachusetts Banks for Small Business

Massachusetts SBA 7A Banks