Where to Get Capital for Specialty Trade Contractors

Looking for small business loans for specialty trade contractors? Talk to a banker who works with the SBA. This $60,000 specialty trade contractors loan was issued by a New Hampshire bank.

This company knew how to go about getting a business bank loan. Based in Freedom, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Laconia Savings Bank, based in Laconia, New Hampshire.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
FREEDOM, NH 03836

SBA Loan Lender

LACONIA SAVINGS BANK
62 PLEASANT ST
LACONIA, NH 03246

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

238990 - Specialty Trade Contractors

Loan Approval Date

7/23/2007

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Laconia Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Laconia Savings Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Family and Friend Investors - Your First Financiers

Small Bank Loans in Laconia, New Hampshire

New Hampshire SBA Bank Lenders