Loan Census Banking News and Information
May 11, 2024  
 
 
  Business Loan Information  
 

Bankfive

 

 
Loan Census SBA Loan Info

SBA Loan from Bankfive Helps Sporting Goods Stores Company

Bankfive has a track record as a leading provider of SBA loans. Find out how this Massachusetts entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Seekonk (town Of), Massachusetts, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Bankfive, based in Fall River, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
SEEKONK (TOWN OF), MA 02771

SBA Loan Lender

BANKFIVE
79 N MAIN ST
FALL RIVER, MA 02720

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

451110 - Sporting Goods Stores

Loan Approval Date

6/22/2004

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

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

We can help you find the best banks for small businesses in Seekonk (town Of) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 Participating Banks in Fall River, Massachusetts

Massachusetts SBA 7A Lenders