 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Peterborough, Business Loans > Monadnock Community Bank Peterborough Business Loans > Machine Shops Loan | ||||
 |
||||
Monadnock Community Bank
|
||||
 |
SBA Loan from Monadnock Community Bank Helps Machine Shops CompanyMonadnock Community Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a New Hampshire entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Hollis, New Hampshire was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Monadnock Community Bank, operating out of Peterborough, New Hampshire. Here are the details on this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender MONADNOCK COMMUNITY BANK This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 332710 - Machine Shops Loan Approval Date 5/18/2005 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $10,000. How would you spend $10,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Peterborough, New Hampshire New Hampshire SBA Bank Lenders
|
|
||
|
||||
|
|
||||