Small Business Loans for Industrial Machinery and Equipment Merchant Wholesalers
Looking for small business loans for industrial machinery and equipment merchant wholesalers? The SBA may be the answer. This $250,000 industrial machinery and equipment merchant wholesalers loan was issued by a Rhode Island bank.
Getting a small business loan in North Hampton, 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 Bank Of America, operating out of Providence, Rhode Island. Here are the details on this New Hampshire small business loan.
SBA Loan Borrower
COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT MERCHANT WHOLESALERS
NORTH HAMPTON, NH 03862
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
423830 - Industrial Machinery and Equipment Merchant Wholesalers
Loan Approval Date
7/9/2004
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
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 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 7 existing jobs.
Getting an SBA Loan For Your Business
If you want money for new small business in North Hampton NH, you ought to talk with a local North Hampton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Hampton businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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