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November 15, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Bow, Business Loans > Merrimack County Savings Bank Bow Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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New Hampshire SBA 7A Lenders
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Bow, New Hampshire Lender Lends Money to Fitness And Recreational Sports Centers CompanyFind Bow, New Hampshire banks that specialize in small business loans and know how to work with entrepreneurs. Merrimack County Savings Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Concord, New Hampshire starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Merrimack County Savings Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender MERRIMACK COUNTY SAVINGS BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 713940 - Fitness and Recreational Sports Centers Loan Approval Date 3/18/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Merrimack County Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Who Lends Money to Small Businesses in Bow, New Hampshire
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