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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 > Limited-Service Restaurants Loan | ||||
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Northway Bank North Conway
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North Conway, New Hampshire Business Gets SBA-Guaranteed Funding from Northway BankNorthway Bank has a track record as a leading provider of SBA loans. Find out how this New Hampshire entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in North Conway, New Hampshire, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Northway Bank, based in North Conway, New Hampshire. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender NORTHWAY BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/26/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 4 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $50,000. How would you spend $50,000 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: Role of Business Plan When Raising Money SBA Banks in North Conway, New Hampshire
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