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May 11, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Hyannis, Business Loans > Td Banknorth Hyannis Business Loans > Arrangement Of Passenger Transportation Loan | ||||
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Massachusetts Bank SBA Loans
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Td Banknorth SBA Loan to Arrangement Of Passenger Transportation CompanyWant a Massachusetts small business loan? Here's one Massachusetts business loan that was approved by the SBA. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Td Banknorth, out of Hyannis, Massachusetts. The loan was granted and they received $25,000 to help grow their North Truro, Massachusetts business. SBA Loan Borrower COMPANY TYPE: ARRANGEMENT OF PASSENGER TRANSPORTATION SBA Loan Lender TD BANKNORTH This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4729 - Arrangement of Passenger Transportation Loan Approval Date 3/29/2000 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Accountant's Role in Securing Financing SBA Banks in Hyannis, Massachusetts
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