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December 22, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Portsmouth, Business Loans > Ocean Bank Portsmouth Business Loans > Limited-Service Restaurants Loan | ||||
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Business Loans for Hampton Small Businesses
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Limited-Service Restaurants Commercial LoansLooking for commercial loans for limited-service restaurants? Talk to a banker who works with the SBA. This $196,000 limited-service restaurants loan was issued by a New Hampshire bank. This business knew how to go about getting a business bank loan. Based in Hampton, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Ocean Bank, based in Portsmouth, New Hampshire. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender OCEAN BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/21/2003 Loan Approval Gross Amount $196,000 Loan Approval from the SBA Of the total $196,000 loan amount, the SBA guaranteed $147,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Hampton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Portsmouth, New Hampshire
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