Business Loan from Woodsville Guaranty Savings Bk Given to General Rental Centers Company

An SBA loan from Woodsville Guaranty Savings Bk typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gorham, New Hampshire business owner got a $618,750 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gorham, New Hampshire was able to borrow $618,750 from Woodsville Guaranty Savings Bk. The SBA made the loan possible by guaranteeing $309,375 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL RENTAL CENTERS
GORHAM, NH 03581

SBA Loan Lender

WOODSVILLE GUARANTY SAVINGS BK
189 COTTAGE ST
LITTLETON, NH 03561

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

532310 - General Rental Centers

Loan Approval Date

1/3/2007

Loan Approval Gross Amount

$618,750

Loan Approval from the SBA

Of the total $618,750 loan amount, the SBA guaranteed $309,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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