Perishable Prepared Food Manufacturing SBA Loans

Looking for SBA loans for perishable prepared food manufacturing? An SBA loan may be just what you've been looking for. This $6,700 perishable prepared food manufacturing loan was issued by a New Hampshire bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Laconia Savings Bank, out of Laconia, New Hampshire. The loan was granted and they received $6,700 to help grow their Concord, New Hampshire business.

SBA Loan Borrower

COMPANY TYPE: PERISHABLE PREPARED FOOD MANUFACTURING
CONCORD, NH 03301

SBA Loan Lender

LACONIA SAVINGS BANK
62 PLEASANT ST
LACONIA, NH 03246

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

311991 - Perishable Prepared Food Manufacturing

Loan Approval Date

8/7/2006

Loan Approval Gross Amount

$6,700

Loan Approval from the SBA

Of the total $6,700 loan amount, the SBA guaranteed $3,350.

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 loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Laconia Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Laconia Savings Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Determining Proper Capital Structure for a Business

Find an SBA Lender in Laconia, New Hampshire

SBA New Hampshire Lenders