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May 3, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Lowell, Business Loans > Enterprise Bank & Trust Lowell Business Loans > Beauty Salons Loan | ||||
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Banks in Lowell, Massachusetts That Make SBA Loans
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Lowell, Massachusetts Lender Lends Money to Beauty Salons CompanyWant to talk with a Lowell, Massachusetts bank about a business loan? Here's one Massachusetts business loan, issued by a Lowell bank, that was approved by the SBA. Applying for an SBA loan with Enterprise Bank & Trust worked out well for our friends at one local firm in Peabody, Massachusetts. The business was able to get an SBA loan for $196,000. Nice! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender ENTERPRISE BANK & TRUST This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812112 - Beauty Salons Loan Approval Date 3/24/2006 Loan Approval Gross Amount $196,000 Loan Approval from the SBA Of the total $196,000 loan amount, the SBA guaranteed $98,000. 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 SBA loan documents indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Bank Loans in Lowell, Massachusetts
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