Tilton, New Hampshire Bank Gives SBA Loan to Fluid Power Valve And Hose Fitting Manufacturing Company

Get to know Tilton, New Hampshire banks that specialize in business loans and know how to work with entrepreneurs. Northway Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Northfield, New Hampshire starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Northway Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FLUID POWER VALVE AND HOSE FITTING MANUFACTURING
NORTHFIELD, NH 03276

SBA Loan Lender

NORTHWAY BANK
295 MAIN ST
TILTON, NH 03276

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332912 - Fluid Power Valve and Hose Fitting Manufacturing

Loan Approval Date

9/1/2004

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 55 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

Related Links:

Small Business Credit Cards

Small Bank Loans in Tilton, New Hampshire

SBA New Hampshire Lenders