Td Banknorth SBA Loan to Inside Cable, Inc.
Looking to get a Massachusetts small business loan? Here's one Massachusetts business loan that was approved by the SBA.
Inside Cable, Inc. needed an SBA business loan in Lexington, Massachusetts back in 2005 and, after submitting their loan application, they were successful in getting an SBA loan from Td Banknorth, operating out of Portland, Maine. Here are the details on this Massachusetts small business loan.
SBA Loan Borrower
Inside Cable, Inc.
32 Williams Road
Lexington, MA 02420
SBA Loan Lender
TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101
This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
517910 -
Loan Approval Date
12/2/2005
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
More Information on This SBA Loan
The borrower, Inside Cable, Inc., 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Inside Cable, Inc. walked into Td Banknorth and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Family and Friend Investors - Your First Financiers
SBA Banks in Portland, Maine
Maine SBA 7A Banks
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