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November 22, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > North Conway, Business Loans > Northway Bank North Conway Business Loans > Eating Places Loan | ||||
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New Hampshire SBA Banks
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North Conway, New Hampshire Bank Gives SBA Loan to Eating Places CompanyA North Conway, New Hampshire business loan can be yours. Learn how a business got a $68,500 business loan from this New Hampshire bank. This loan to a local firm is a good example of an SBA loan. Northway Bank made the loan and the SBA guaranteed a portion of the loan. Many other New Hampshire entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender NORTHWAY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 4/13/2000 Loan Approval Gross Amount $68,500 Loan Approval from the SBA Of the total $68,500 loan amount, the SBA guaranteed $54,800. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Northway Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Who Lends Money to Small Businesses in North Conway, New Hampshire Browse All Business Loan Sources for New Hampshire
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