Get an SBA Loan for Residential and Commercial Automatic Environmental Control Manufacturing

With these small business loans for residential and commercial automatic environmental control manufacturing, the SBA guarantees the lender that the loan will be repaid. This residential and commercial automatic environmental control manufacturing loan for $400,000 was given to a New Hampshire entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Manchester, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Td Banknorth, based in Burlington, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL AND COMMERCIAL AUTOMATIC ENVIRONMENTAL CONTROL MANUFACTURING
MANCHESTER, NH 03109

SBA Loan Lender

TD BANKNORTH
17 NEW ENGLAND EXEC PARK
BURLINGTON, MA 01803

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 bank 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

334512 - Residential and Commercial Automatic Environmental Control Manufacturing

Loan Approval Date

12/20/2005

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $400,000 loan. Remember, anyone can do it... so why not you?

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:

Alternative Financing

SBA Participating Banks in Burlington, Massachusetts

Getting a Business Loan in Massachusetts