Massachusetts Bank Loan Issued to Quality Construction/maintenan
Massachusetts bank loans are available to Massachusetts firms through the SBA. In this case, a Rhode Island bank provides the loan.
By giving the right information to Rbs Citizens, this Lexington, Massachusetts business was able to get an SBA loan. To get this loan, Quality Construction/maintenan gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
QUALITY CONSTRUCTION/MAINTENAN
11 INGLESIDE ROAD
LEXINGTON, MA 02420
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
236115 - New Single-Family Housing Construction (except Operative Builders)
Loan Approval Date
1/21/2005
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
More Information on This SBA Loan
The borrower, Quality Construction/maintenan, 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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Quality Construction/maintenan, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
The Friends and Family Network
Banks in Providence, Rhode Island
SBA Lenders in Rhode Island
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