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May 2, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Boston, Business Loans > Sovereign Bank Boston Business Loans > Special Trade Contractors Loan | ||||
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Massachusetts Bank SBA Loans
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Sovereign Bank SBA Loan to Special Trade Contractors CompanySearching for a New Hampshire business loan? Here's one New Hampshire business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nashua, New Hampshire was able to borrow $12,000 from Sovereign Bank. The SBA made the loan possible by guaranteeing $6,000 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: SPECIAL TRADE CONTRACTORS SBA Loan Lender SOVEREIGN BANK This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 1799 - Special Trade Contractors Loan Approval Date 6/20/2000 Loan Approval Gross Amount $12,000 Loan Approval from the SBA Of the total $12,000 loan amount, the SBA guaranteed $6,000. 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 8 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 14 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Sovereign Bank 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: Find an SBA Lender in Boston, Massachusetts
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