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November 21, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Portsmouth, Business Loans > Ocean Bank Portsmouth Business Loans > Snack And Nonalcoholic Beverage Bars Loan | ||||
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SBA Lenders New Hampshire
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Portsmouth, New Hampshire Lender Lends Money to Snack And Nonalcoholic Beverage Bars CompanyA Portsmouth, New Hampshire business loan can be yours. Learn how one firm got a $620,000 business loan from this New Hampshire bank. This loan to a local firm is a good example of an SBA loan. Ocean 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: SNACK AND NONALCOHOLIC BEVERAGE BARS SBA Loan Lender OCEAN BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 10/24/2005 Loan Approval Gross Amount $620,000 Loan Approval from the SBA Of the total $620,000 loan amount, the SBA guaranteed $465,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 60 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 60 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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. Related Links: Banking Deregulation's Effects on Entrepreneurship Banks in Portsmouth, New Hampshire
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