Td Banknorth SBA Loan to Business Services Company

Looking to get a Massachusetts SBA 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 Burlington, Massachusetts. The loan was granted and they received $169,222 to help grow their Roxbury, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
ROXBURY, MA 02119

SBA Loan Lender

TD BANKNORTH
17 NEW ENGLAND EXEC PARK
BURLINGTON, MA 01803

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

Loan Approval Date

1/31/2000

Loan Approval Gross Amount

$169,222

Loan Approval from the SBA

Of the total $169,222 loan amount, the SBA guaranteed $126,917.

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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $169,222 loan. Remember, feel the fear, and do it anyway.

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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