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May 5, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Harwich Port, Business Loans > Cape Cod Five Cents Savings Bk Harwich Port Business Loans > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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SBA Lender South Chatham Massachusetts
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Loans for Plumbing, Heating, and Air-Conditioning ContractorsLooking for loans for plumbing, heating, and air-conditioning contractors? The SBA may be the answer. This $1,900,000 plumbing, heating, and air-conditioning contractors loan was issued by a Massachusetts bank. This company knew how to go about getting a business bank loan. Based in South Chatham, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Cape Cod Five Cents Savings Bk, based in Harwich Port, Massachusetts. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender CAPE COD FIVE CENTS SAVINGS BK 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. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 8/6/2007 Loan Approval Gross Amount $1,900,000 Loan Approval from the SBA Of the total $1,900,000 loan amount, the SBA guaranteed $1,425,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 36 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 31 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cape Cod Five Cents Savings Bk had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cape Cod Five Cents Savings Bk made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Business Banks in Harwich Port, Massachusetts
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