Small Business Loans for Gift, Novelty, and Souvenir Stores

Looking for small business loans for gift, novelty, and souvenir stores? Try the SBA. This $20,300 gift, novelty, and souvenir stores loan was issued by a New Hampshire bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Manchester, New Hampshire was able to borrow $20,300 from St. Mary's Bank. The SBA made the loan possible by guaranteeing $10,150 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
MANCHESTER, NH 03104

SBA Loan Lender

ST. MARY'S BANK
200 MCGREGOR ST
MANCHESTER, NH 03102

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

2/15/2007

Loan Approval Gross Amount

$20,300

Loan Approval from the SBA

Of the total $20,300 loan amount, the SBA guaranteed $10,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 2 new jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. St. Mary's Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, St. Mary's Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Good Banks for Small Business in Manchester, New Hampshire

New Hampshire SBA 7A Banks