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May 4, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Dorchester, Business Loans > Sovereign Bank Dorchester Business Loans > Chiropractors Loan | ||||
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Dorchester, Massachusetts SBA Lenders
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Dorchester, Massachusetts Bank Gives SBA Loan to Chiropractors CompanyWant to talk with a Dorchester, Massachusetts bank about a small business loan? Here's one Connecticut business loan, issued by a Dorchester bank, that was approved by the SBA. Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local firm in Stafford Springs, Connecticut. The business was able to get an SBA loan for $243,000. Nice! SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender SOVEREIGN BANK This SBA loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 7/14/2003 Loan Approval Gross Amount $243,000 Loan Approval from the SBA Of the total $243,000 loan amount, the SBA guaranteed $182,250. 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 SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Banks in Dorchester, Massachusetts
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