SBA Loan from Haverhill Bank Helps Eating Places Company

An SBA loan from Haverhill Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Plaistow, New Hampshire business owner got a $70,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Plaistow, New Hampshire was able to borrow $70,000 from Haverhill Bank. The SBA made the loan possible by guaranteeing $56,000 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PLAISTOW, NH 03865

SBA Loan Lender

HAVERHILL BANK
180 MERRIMACK ST
HAVERHILL, MA 01830

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/30/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

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:

Strategic Investors

Small Business Banks in Haverhill, Massachusetts

Getting an SBA Loan in Massachusetts