Borrowing Money for Sporting Goods Stores

Looking for loans for sporting goods stores? Try the SBA. This $187,600 sporting goods stores loan was issued by a New Hampshire bank.

Getting a small business loan in Littleton, New Hampshire was important for this company back in 2004 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: SPORTING GOODS STORES
LITTLETON, NH 03561

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
117 MAIN ST
LANCASTER, NH 03584

This lender issued this small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

2/25/2004

Loan Approval Gross Amount

$187,600

Loan Approval from the SBA

Of the total $187,600 loan amount, the SBA guaranteed $140,700.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $187,600 loan. Remember, where there is a will, there is a way!

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:

Bank Credit Lines

SBA Banks in Lancaster, New Hampshire

Getting an SBA Loan in New Hampshire