Entrepreneur Works With Berlin, New Hampshire Bank to Get an SBA Loan

Get SBA loans from a Berlin, New Hampshire bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Northway Bank is a Berlin, New Hampshire small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Hampshire company.

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL GOODS RENTAL
MILAN, NH 03588

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

532292 - Recreational Goods Rental

Loan Approval Date

3/20/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Milan NH, you ought to talk with a local Milan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Milan businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Northway Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Northway 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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