Entrepreneur Works With Berlin, New Hampshire Bank to Get an SBA Loan

Want to talk with a Berlin, New Hampshire bank about an SBA loan? Here's one New Hampshire business loan, issued by a Berlin bank, that was approved by the SBA.

Applying for an SBA loan with Northway Bank worked out well for our friends at one local business in Bethlehem, New Hampshire. They got an SBA loan for $60,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL VEHICLE DEALERS
BETHLEHEM, NH 03574

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441210 - Recreational Vehicle Dealers

Loan Approval Date

8/2/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My 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 source of funding.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

SBIR Funding

Small Business Banks in Berlin, New Hampshire

SBA Participating Banks in New Hampshire