Small Business Loans for Totalizing Fluid Meter and Counting Device Manufacturing

Looking for small business loans for totalizing fluid meter and counting device manufacturing? The SBA may be the answer. This $400,000 totalizing fluid meter and counting device manufacturing loan was issued by a Massachusetts bank.

Getting a small business loan in Manchester, New Hampshire was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Td Banknorth, operating out of Andover, Massachusetts. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: TOTALIZING FLUID METER AND COUNTING DEVICE MANUFACTURING
MANCHESTER, NH 03109

SBA Loan Lender

TD BANKNORTH
61 MAIN ST
ANDOVER, MA 01810

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

334514 - Totalizing Fluid Meter and Counting Device Manufacturing

Loan Approval Date

7/21/2004

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $360,000.

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 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $400,000. How would you spend $400,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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 - Getting Venture Capital

SBA 7A Banks for Andover, Massachusetts Loans

SBA Participating Banks in Massachusetts