Bank Loans for Sports and Recreation Instruction
Looking for bank loans for sports and recreation instruction? The SBA may be the answer. This $29,700 sports and recreation instruction loan was issued by a New Hampshire bank.
This company knew how to go about getting a business bank loan. Based in Portsmouth, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Ocean Bank, based in Portsmouth, New Hampshire.
SBA Loan Borrower
COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION
PORTSMOUTH, NH 63839
SBA Loan Lender
OCEAN BANK
325 STATE ST
PORTSMOUTH, NH 03801
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
611620 - Sports and Recreation Instruction
Loan Approval Date
4/8/2004
Loan Approval Gross Amount
$29,700
Loan Approval from the SBA
Of the total $29,700 loan amount, the SBA guaranteed $14,850.
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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $29,700 loan. Remember, feel the fear, and do it anyway.
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:
Advice on Getting a Small Business Loan
Small Bank Loans in Portsmouth, New Hampshire
SBA Lenders in New Hampshire