New Hampshire SBA Loan Issued to General Merchandise Stores Company

Would a New Hampshire small business loan help your small business to grow and prosper? If so, you may want to talk with this New Hampshire bank, which offers SBA loans to New Hampshire entrepreneurs.

This business, based in Dover, New Hampshire, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Federal Savings Bank. We've got the inside scoop on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
DOVER, NH 03820

SBA Loan Lender

FEDERAL SAVINGS BANK
633 CENTRAL AVE
DOVER, NH 03820

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

3/10/2005

Loan Approval Gross Amount

$27,250

Loan Approval from the SBA

Of the total $27,250 loan amount, the SBA guaranteed $23,162.

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 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Federal Savings Bank and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

Banks in Dover, New Hampshire

SBA New Hampshire Banks