Lake Sunapee Bank, Fsb SBA Loan to Convenience Stores Company

An SBA loan from Lake Sunapee Bank, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Etna, New Hampshire business owner got a $112,500 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Etna, New Hampshire was able to borrow $112,500 from Lake Sunapee Bank, Fsb. The SBA made the loan possible by guaranteeing $95,625 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
ETNA, NH 03750

SBA Loan Lender

LAKE SUNAPEE BANK, FSB
9 MAIN ST
NEWPORT, NH 03773

This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

4/2/2003

Loan Approval Gross Amount

$112,500

Loan Approval from the SBA

Of the total $112,500 loan amount, the SBA guaranteed $95,625.

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 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Role of Business Plan When Raising Money

Small Business Banks in Newport, New Hampshire

New Hampshire SBA 7A Lenders