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December 22, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Laconia, Business Loans > Laconia Savings Bank Laconia Business Loans > Landscaping Services Loan | ||||
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Laconia Savings Bank
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SBA Loan from Laconia Savings Bank Helps Landscaping Services CompanyLaconia Savings Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one New Hampshire entrepreneur who tapped into the power of SBA loans. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Laconia Savings Bank, out of Laconia, New Hampshire. The loan was granted and they received $18,500 to help grow their Campton, New Hampshire business. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender LACONIA SAVINGS BANK 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. NAICS Code 561730 - Landscaping Services Loan Approval Date 9/14/2005 Loan Approval Gross Amount $18,500 Loan Approval from the SBA Of the total $18,500 loan amount, the SBA guaranteed $9,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks for Small Business in Laconia, New Hampshire Getting an SBA Loan in New Hampshire
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