Templeton, Massachusetts Business Gets SBA-Guaranteed Funding from Enterprise Bank & Trust

An SBA loan from Enterprise Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Templeton, Massachusetts business owner got a $52,500 loan.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Enterprise Bank & Trust, out of Leominster, Massachusetts. The loan was granted and they received $52,500 to help grow their Templeton, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITH STORAGE
TEMPLETON, MA 01468

SBA Loan Lender

ENTERPRISE BANK & TRUST
4 CENTRAL ST
LEOMINSTER, MA 01453

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4214 - Local Trucking With Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

7/25/2001

Loan Approval Gross Amount

$52,500

Loan Approval from the SBA

Of the total $52,500 loan amount, the SBA guaranteed $44,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

If you need business start up money in Templeton MA, you ought to talk with a local Templeton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Templeton businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Enterprise Bank & Trust and they will explain how you can get an SBA loan for your company.

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.

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