Boscawen, New Hampshire Entrepreneur Gets an SBA Loan

Bank loans in New Hampshire are tough to come by these days. We take a look at one New Hampshire bank loan, provided by a New Hampshire bank, that was approved by the SBA.

Getting a small business loan in Boscawen, New Hampshire was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES
BOSCAWEN, NH 03304

SBA Loan Lender

BANK OF AMERICA
728 MASSABESIC ST
MANCHESTER, NH 03103

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

7699 - Repair Shops and Related Services

Loan Approval Date

3/22/2000

Loan Approval Gross Amount

$11,500

Loan Approval from the SBA

Of the total $11,500 loan amount, the SBA guaranteed $5,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 18 employees. The loan application indicated that the loan would help generate 1 new job and retain 19 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Boscawen or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Find an SBA Lender in Manchester, New Hampshire

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