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May 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Springfield, Business Loans > Bank - Western Massachusetts Springfield Business Loans > School Buses Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Commercial Loans for School and Employee Bus TransportationLooking for commercial loans for school and employee bus transportation? Try the SBA. This $593,655 school and employee bus transportation loan was issued by a Massachusetts bank. Getting a small business loan in Worthington, Massachusetts was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank - Western Massachusetts, operating out of Springfield, Massachusetts. Here are the details on this Massachusetts small business loan. SBA Loan Borrower COMPANY TYPE: SCHOOL BUSES SBA Loan Lender BANK - WESTERN MASSACHUSETTS The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4151 - School Buses NAICS Code 485410 - School and Employee Bus Transportation Loan Approval Date 9/27/2002 Loan Approval Gross Amount $593,655 Loan Approval from the SBA Of the total $593,655 loan amount, the SBA guaranteed $356,193. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: SBA 7A Lenders in Springfield, Massachusetts
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