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May 7, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Fairhaven, Business Loans > Slade's Ferry Trust Company Fairhaven Business Loans > Ship Building And Repairing Loan | ||||
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Massachusetts SBA Banks
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Fairhaven, Massachusetts Bank Lends Money to Ship Building And Repairing Company in South Dartmouth, MassachusettsGet small business loans from a Fairhaven, Massachusetts bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Slade's Ferry Trust Company is a Fairhaven, Massachusetts small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Massachusetts company. SBA Loan Borrower COMPANY TYPE: SHIP BUILDING AND REPAIRING SBA Loan Lender SLADE'S FERRY TRUST COMPANY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336611 - Ship Building and Repairing Loan Approval Date 6/24/2004 Loan Approval Gross Amount $63,000 Loan Approval from the SBA Of the total $63,000 loan amount, the SBA guaranteed $53,550. 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 4 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: How Much Venture Capital Is There? SBA 7A Banks in Fairhaven, Massachusetts
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