Raising Money for Office Machinery and Equipment Rental and Leasing

Looking for bank loans for office machinery and equipment rental and leasing? An SBA loan may be just what you've been looking for. This $52,500 office machinery and equipment rental and leasing loan was issued by a New Hampshire bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Ocean Bank, out of Keene, New Hampshire. The loan was granted and they received $52,500 to help grow their Portsmouth, New Hampshire business.

SBA Loan Borrower

COMPANY TYPE: OFFICE MACHINERY AND EQUIPMENT RENTAL AND LEASING
PORTSMOUTH, NH 03801

SBA Loan Lender

OCEAN BANK
122 WEST ST
KEENE, NH 03431

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

532420 - Office Machinery and Equipment Rental and Leasing

Loan Approval Date

7/3/2002

Loan Approval Gross Amount

$52,500

Loan Approval from the SBA

Of the total $52,500 loan amount, the SBA guaranteed $26,250.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $52,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - How to Borrow Money

SBA Approved Banks in Keene, New Hampshire

SBA Lenders in New Hampshire