Loan Census Banking News and Information
February 4, 2023  
 
 
  Business Loan Information  
 

SBA Lender Newburyport Massachusetts

 

 
Loan Census SBA Loan Info

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.

SIC Code

8748 - Business Consulting Services

NAICS Code

541618 - Management Consulting Services

Loan Approval Date

6/12/2001

Loan Approval Gross Amount

$30,000

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.

Related Links:

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SBA Banks in Ipswich, Massachusetts

SBA Lenders in Massachusetts