Entrepreneur Works With Manchester, New Hampshire Bank to Get an SBA Loan
Get small business loans from a Manchester, New Hampshire bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Rbs Citizens is a Manchester, New Hampshire small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Hampshire company.
SBA Loan Borrower
COMPANY TYPE: FABRICATED TEXTILE PRODUCTS
CONWAY, NH 03818
SBA Loan Lender
RBS CITIZENS
875 ELM ST
MANCHESTER, NH 03101
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2399 - Fabricated Textile Products
NAICS Code
314999 - Textile Product Mills
Loan Approval Date
10/11/2000
Loan Approval Gross Amount
$600,000
Loan Approval from the SBA
Of the total $600,000 loan amount, the SBA guaranteed $540,000.
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 15 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
Getting a Small Business Loan
Banks in Manchester, New Hampshire
Find an SBA Lender in New Hampshire