Walpole, New Hampshire Bank Gives SBA Loan to Support Activities For Forestry Company

Get to know Walpole, New Hampshire banks that specialize in SBA loans and know how to work with entrepreneurs. Savings Bank Of Walpole is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Fitzwilliam, New Hampshire starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Savings Bank Of Walpole. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR FORESTRY
FITZWILLIAM, NH 03447

SBA Loan Lender

SAVINGS BANK OF WALPOLE
68 AMES PLZ LN
WALPOLE, NH 03608

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

115310 - Support Activities for Forestry

Loan Approval Date

6/9/2006

Loan Approval Gross Amount

$152,900

Loan Approval from the SBA

Of the total $152,900 loan amount, the SBA guaranteed $76,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $152,900 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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