Heavy Construction Bank Loans

With these bank loans for heavy construction, the SBA guarantees the lender that the loan will be repaid. This heavy construction loan for $61,200 was given to a New Hampshire entrepreneur in 2001.

Getting a small business loan in Conway, New Hampshire was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Northway Bank, operating out of North Conway, New Hampshire. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION EQUIPMENT RENTAL AND LEASING
CONWAY, NH 03818

SBA Loan Lender

NORTHWAY BANK
3278 WHITE MTN HWY, RTE 16
NORTH CONWAY, NH 02130

This lender issued this particular loan for a small business 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

7353 - Heavy Construction Equipment Rental and Leasing

NAICS Code

234990 - Heavy Construction

Loan Approval Date

5/15/2001

Loan Approval Gross Amount

$61,200

Loan Approval from the SBA

Of the total $61,200 loan amount, the SBA guaranteed $52,020.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Northway 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:

Business Cash Advances

Where to Get an SBA Loan in North Conway, New Hampshire

New Hampshire SBA Banks