Winchendon, 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 Winchendon, Massachusetts business owner got a $30,000 loan.

Getting a small business loan in Winchendon, Massachusetts was an essential business goal for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Enterprise Bank & Trust, operating out of Leominster, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL HOUSEHOLD FURNITURE MANUFACTURING
WINCHENDON, MA 01475

SBA Loan Lender

ENTERPRISE BANK & TRUST
4 CENTRAL ST
LEOMINSTER, MA 01453

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337124 - Metal Household Furniture Manufacturing

Loan Approval Date

10/12/2004

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 10 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Advice on Getting a Small Business Loan

Small Business Banks in Leominster, Massachusetts

SBA Lenders in Massachusetts