New Hampshire Entrepreneur Secures Financing to Buy Rhino Linings Franchise

Borrowing money to buy a Rhino Linings franchise? Monadnock Community Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Rindge, New Hampshire needed money to invest in a Rhino Linings franchise back in 2003. Monadnock Community Bank issued an SBA franchise loan. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

MONADNOCK LINING & DETAILING
RINDGE, NH 03461

SBA Loan Lender

MONADNOCK COMMUNITY BANK
1 JAFFERY RD
PETERBOROUGH, NH 03458

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

11/7/2003

Loan Approval Gross Amount

$235,200

Loan Approval from the SBA

Of the total $235,200 loan amount, the SBA guaranteed $176,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rhino Linings franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Rhino Linings

Business Cash Advances

Small Bank Loans in Peterborough, New Hampshire

New Hampshire SBA 7A Banks