Stoneham Savings Bank SBA Loan to Real Estate Investment Trusts Company

Looking to get a Massachusetts small business loan? Here's one Massachusetts business loan that was approved by the SBA.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Stoneham Savings Bank, out of Stoneham, Massachusetts. The loan was granted and they received $195,000 to help grow their Stoneham, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE INVESTMENT TRUSTS
STONEHAM, MA 02180

SBA Loan Lender

STONEHAM SAVINGS BANK
359 MAIN ST
STONEHAM, MA 02180

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6798 - Real Estate Investment Trusts

NAICS Code

525930 -

Loan Approval Date

2/9/2001

Loan Approval Gross Amount

$195,000

Loan Approval from the SBA

Of the total $195,000 loan amount, the SBA guaranteed $146,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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:

Raising Venture Capital

Banks in Stoneham, Massachusetts

Getting an SBA Loan in Massachusetts