Get an SBA Loan for Commercial and Industrial Machinery and Equipment

Looking for small business loans for commercial and industrial machinery and equipment? Try the SBA. This $50,000 commercial and industrial machinery and equipment loan was issued by a New Hampshire bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Ocean Bank, out of Keene, New Hampshire. The loan was granted and they received $50,000 to help grow their Merrimack, New Hampshire business.

SBA Loan Borrower

COMPANY TYPE: WELDING REPAIR
MERRIMACK, NH 03054

SBA Loan Lender

OCEAN BANK
122 WEST ST
KEENE, NH 03431

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7692 - Welding Repair

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

5/17/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

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

If you are raising money in Merrimack NH, you ought to talk with a local Merrimack SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Merrimack businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Strategic Investors

SBA Banks in Keene, New Hampshire

Getting an SBA Loan in New Hampshire