Financing for Management Consulting Services
Looking for loans for management consulting services? Try the SBA. This $30,000 management consulting services loan was issued by a Massachusetts bank.
This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with 1st National Bank - Ipswich, out of Ipswich, Massachusetts. The loan was granted and they received $30,000 to help grow their Newburyport, Massachusetts business.
SBA Loan Borrower
COMPANY TYPE: BUSINESS CONSULTING SERVICES
NEWBURYPORT, MA 01950
SBA Loan Lender
1ST NATIONAL BANK - IPSWICH
31 MARKET ST
IPSWICH, MA 01938
This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
8748 - Business Consulting Services
541618 - Management Consulting Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $25,500.
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 only one employee. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
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