Financing for Newsprint Mills

With these commercial loans for newsprint mills, the SBA guarantees the lender that the loan will be repaid. This newsprint mills loan for $18,000 was given to a New Hampshire entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Portsmouth, New Hampshire was able to borrow $18,000 from Rbs Citizens. The SBA made the loan possible by guaranteeing $9,000 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: NEWSPRINT MILLS
PORTSMOUTH, NH 03801

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

322122 - Newsprint Mills

Loan Approval Date

1/10/2003

Loan Approval Gross Amount

$18,000

Loan Approval from the SBA

Of the total $18,000 loan amount, the SBA guaranteed $9,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Portsmouth NH, you ought to talk with a local Portsmouth SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Portsmouth businesses.

This SBA loan was for $18,000. How would you spend $18,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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