Firm Gets a New Hampshire Business Loan

Searching for a New Hampshire small business loan? This New Hampshire entrepreneur got a small business loan, provided by a New Hampshire bank that works with the SBA to help small business owners.

You can learn something about getting a small business loan in Gilford, New Hampshire by studying this loan to a local company, made back in 2005. Banks like Merrimack County Savings Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
GILFORD, NH 03249

SBA Loan Lender

MERRIMACK COUNTY SAVINGS BANK
190 N MAIN ST
CONCORD, NH 03301

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began 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

722110 - Full-Service Restaurants

Loan Approval Date

10/26/2005

Loan Approval Gross Amount

$616,000

Loan Approval from the SBA

Of the total $616,000 loan amount, the SBA guaranteed $462,000.

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 16 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Merrimack County Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Merrimack County 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.

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Banks in Concord, New Hampshire

New Hampshire SBA 7A Lenders