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December 19, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Amusement Arcades Loan | ||||
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How to Get SBA Loans in Laconia, New Hampshire
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Commercial Loans for Amusement ArcadesWith these commercial loans for amusement arcades, the SBA guarantees the lender that the loan will be repaid. This amusement arcades loan for $875,000 was given to a New Hampshire entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Laconia, New Hampshire was able to borrow $875,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $656,250 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: AMUSEMENT ARCADES SBA Loan Lender BUSINESS LOAN CENTER, LLC The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713120 - Amusement Arcades Loan Approval Date 9/18/2001 Loan Approval Gross Amount $875,000 Loan Approval from the SBA Of the total $875,000 loan amount, the SBA guaranteed $656,250. 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 80 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Laconia 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in New York, New York
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