Benjamin Franklin Bank Top SBA 504 Loan Lender for 2005.FRANKLIN, Mass. -- Rose M. Buckley, Senior Vice President/Senior Commercial Lending Officer of Benjamin Franklin Bank, is pleased to announce that Benjamin Franklin Bank has been designated the top 504 Loan Program lender for 2005 by the Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. Small Business Administration. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Buckley, "Being the SBA's number one 504 lender this year is another significant milestone in the growth and evolution of the Bank. Ben Franklin Bank is delighted to have the opportunity to provide this important economic development tool to the communities we serve." Offered through Certified See certification. Development Companies, CDC/504 loans provide growing businesses with long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. , fixed-rate financing for major fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → such as land and buildings, machinery and equipment, construction or expansion. There are approximately 270 CDC's nationwide. The 504 Loan Program cannot be used for working capital or inventory purchases. To be considered eligible for a 504 loan, a business must be operated for profit and fall within the size standards set by the SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government . "Benjamin Franklin Bank provided more than $9 million in first mortgage financing under SBA's Certified Development Company/504 loan program to small businesses in their market area this year," said Maurice L. Dube, Massachusetts SBA Director. "We recently ran our September 30, 2005 yearend statistics which show that Benjamin Franklin Bank was the top SBA first mortgage 504 lender in terms of dollars this year, a major accomplishment for a lender that just recently began offering this loan product to their customers. The 504 loan program is the best loan program that SBA has to offer - best for the borrower, good for the lender and a wonderful economic development tool." For more information about Benjamin Franklin Bank's 504 Loan Program, contact Blain blain n. A skin swelling or sore; a blister; a blotch. Marchand, Vice President Commercial Lending/Senior SBA Officer, at 508.528.7000 ext. 378. Benjamin Franklin Bank is a subsidiary of the Benjamin Franklin Bancorp, Inc. The Bank is a full-service community bank originally chartered in 1871 with nine branch locations: 58 Main Street, Franklin, MA 02038 and 231 East Central Street, Franklin, MA 02038; 4 North Main Street, Bellingham, MA 02019; 1 Mechanic Street, Foxborough, MA 02035; 76 North Street, Medfield, MA 02052; 221 Main Street, Milford, MA 01757; 40 Austin Street, Newtonville, MA 02460; 75 Moody mood·y adj. 1. Given to frequent changes of mood; temperamental. 2. Subject to periods of depression; sulky. 3. Expressive of a mood, especially a sullen or gloomy mood. Street, Waltham, MA 02451 and 1290 Main Street, Waltham, MA 02453. The bank offers a full range of high quality financial products and services for consumers and small to mid-sized businesses. For more information, contact a Ben Banker at 1.800.528.7000 or online at www.benfranklinbank.com. |
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