Entrepreneur Works With Walpole, New Hampshire Bank to Get an SBA Loan

Want to talk with a Walpole, New Hampshire bank about an SBA loan? Here's one New Hampshire business loan, issued by a Walpole bank, that was approved by the SBA.

Applying for an SBA loan with Savings Bank Of Walpole worked out well for our friends at one local firm in Keene, New Hampshire. They got an SBA loan for $50,000. Nice!

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
KEENE, NH 03431

SBA Loan Lender

SAVINGS BANK OF WALPOLE
68 AMES PLZ LN
WALPOLE, NH 03608

This lender processed this small business 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

812112 - Beauty Salons

Loan Approval Date

4/20/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Savings Bank Of Walpole and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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