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November 15, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Lancaster, Business Loans > Passumpsic Savings Bank Lancaster Business Loans > Furniture Stores Loan | ||||
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Business Loan from Passumpsic Savings Bank
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Business Loan from Passumpsic Savings Bank Given to Furniture Stores CompanyAn SBA loan from Passumpsic Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lancaster (census Name For Lan, New Hampshire business owner got a $80,000 loan. Getting a small business loan in Lancaster (census Name For Lan, 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 Passumpsic Savings Bank, operating out of Lancaster, New Hampshire. Here are the details on this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender PASSUMPSIC 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 442110 - Furniture Stores Loan Approval Date 5/18/2005 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $40,000. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 7A Banks in Lancaster, New Hampshire
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