SBA lending record

Hillside Engineering, Inc

10 Rainbow Terrace, Unit A, Danvers, MA · Machine Shops. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$250K

Total SBA financing

Loan on record

FY2020

On record

Jobs supported

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The loan

$250,000 — FY2020

Gross approval: $250,000
SBA guaranteed: $125,000 (50%)
Status: Paid in full
Rate at approval: 7% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/16/2019
First disbursement: 2/29/2020
Days to fund: 136 days
Paid in full: 3/31/2025
Collateral: Required

The lender

Salem Five Cents Savings Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Agent summary

This page summarizes the public SBA 7(a) lending record for Hillside Engineering, Inc in Danvers, MA (Machine Shops). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $250K
On record FY2020
11 jobs supported
Industry: Machine Shops
Location: Danvers, MA
Lender: Salem Five Cents Savings Bank

Next steps

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Hillside Engineering, Inc.