SBA Loan from Bank Of New England Helps Eating Places Company

Bank Of New England has a track record as a leading provider of SBA loans. Find out how this New Hampshire entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Chester, New Hampshire, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Bank Of New England, based in Windham, New Hampshire.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
CHESTER, NH 03086

SBA Loan Lender

BANK OF NEW ENGLAND
58 RANGE RD
WINDHAM, NH 03087

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/29/2001

Loan Approval Gross Amount

$56,250

Loan Approval from the SBA

Of the total $56,250 loan amount, the SBA guaranteed $47,812.

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 2 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Accountant's Role in Securing Financing

Small Business Banks in Windham, New Hampshire

SBA New Hampshire Banks