The Provident Bank SBA Loan to Convenience Stores Company

An SBA loan from The Provident Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Portsmouth, New Hampshire business owner got a $198,750 loan.

This business knew how to go about getting a business bank loan. Based in Portsmouth, New Hampshire, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was The Provident Bank, based in Portsmouth, New Hampshire.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
PORTSMOUTH, NH 03801

SBA Loan Lender

THE PROVIDENT BANK
21 DANIEL ST
PORTSMOUTH, NH 03801

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

9/5/2006

Loan Approval Gross Amount

$198,750

Loan Approval from the SBA

Of the total $198,750 loan amount, the SBA guaranteed $149,063.

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 12 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Portsmouth or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Line of Credit

Good Banks for Small Business in Portsmouth, New Hampshire

SBA New Hampshire Banks