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December 19, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Lebanon, Business Loans > Mascoma Savings Bank Lebanon Business Loans > Specialty Food Stores Loan | ||||
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Raising Money in Hanover (census Name For Hanov, New Hampshire With SBA Loans
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Raising Money for Specialty Food StoresLooking for business loans for specialty food stores? The SBA may be the answer. This $37,500 specialty food stores loan was issued by a New Hampshire bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hanover (census Name For Hanov, New Hampshire was able to borrow $37,500 from Mascoma Savings Bank. The SBA made the loan possible by guaranteeing $18,750 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender MASCOMA SAVINGS BANK 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 445299 - Specialty Food Stores Loan Approval Date 12/4/2003 Loan Approval Gross Amount $37,500 Loan Approval from the SBA Of the total $37,500 loan amount, the SBA guaranteed $18,750. 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 6 employees. This SBA loan request indicated that the funding would help create 2 new jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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. Related Links: Best Banks in Lebanon, New Hampshire
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