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| Entrepreneur Resources | Rbs Citizens Boston Business Loans | ||||
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Best Banks in Massachusetts
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Loans for Food Service ContractorsWith these loans for food service contractors, the SBA guarantees the lender that the loan will be repaid. This food service contractors loan for $10,000 was given to a Massachusetts entrepreneur in 2002.
Getting a small business loan in Lexington, Massachusetts was important for Corporate Cafe back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens, operating out of Boston, Massachusetts. Here are the details on this Massachusetts small business loan. SBA Loan Borrower CORPORATE CAFE SBA Loan Lender RBS CITIZENS This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722310 - Food Service Contractors Loan Approval Date 11/19/2002 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower, Corporate Cafe, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 1/31/2007. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to Corporate Cafe 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 SBA loan database. Related Links: Obtaining Funding - How to Borrow Money SBA Approved Banks in Boston, Massachusetts If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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