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April 24, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Chelsea, Business Loans > Metro Cu Chelsea Business Loans > 24 Seven Loan | ||||
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Raising Money in Southborough, Massachusetts With SBA Loans
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Loan to Buy 24 Seven Vending Franchise Issued By Metro CuNeed money to buy a 24 Seven Vending franchise? Metro Cu has a history of making these loans and they are guaranteed by the SBA. 24 Seven Vending franchise loans are available to Southborough, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Metro Cu, based in Chelsea, Massachusetts, issued an SBA franchise loan for a 24 Seven Vending franchise in 2007. We've got all the details on this Massachusetts small business loan. SBA Loan Borrower 24 SEVEN SBA Loan Lender METRO CU This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 454210 - Vending Machine Operators Loan Approval Date 2/6/2007 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $130,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a 24 Seven Vending franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Metro Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Metro Cu 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: Best Banks for Small Business in Chelsea, Massachusetts Find an SBA Lender in Massachusetts
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