Small Business Loans for Health and Personal Care Stores

Looking for small business loans for health and personal care stores? Try the SBA. This $18,000 health and personal care stores loan was issued by a Massachusetts bank.

Custom Care Hearing Aid Center received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Enterprise Bank & Trust, out of Westford, Massachusetts. The loan was granted and they received $18,000 to help grow their Lexington, Massachusetts business.

SBA Loan Borrower

CUSTOM CARE HEARING AID CENTER
166 MASS. AVENUE
LEXINGTON, MA 02173

SBA Loan Lender

ENTERPRISE BANK & TRUST
237 LITTLETON RD
WESTFORD, MA 01886

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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

5999 - Miscellaneous Retail Stores, N.E.C.

NAICS Code

446199 - All Other Health and Personal Care Stores

Loan Approval Date

5/25/2001

Loan Approval Gross Amount

$18,000

Loan Approval from the SBA

Of the total $18,000 loan amount, the SBA guaranteed $15,300.

More Information on This SBA Loan

The borrower, Custom Care Hearing Aid Center, 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 did not indicate that the small business promised to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 7/30/2002.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Custom Care Hearing Aid Center loan from Enterprise Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Small Business Credit Cards

Best Banks in Westford, Massachusetts

SBA Massachusetts Banks

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