Commercial Loans for Ship Building and Repairing

Looking for commercial loans for ship building and repairing? Talk to a banker who works with the SBA. This $15,000 ship building and repairing loan was issued by a New Hampshire bank.

This small business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Northway Bank, out of Berlin, New Hampshire. The loan was granted and they received $15,000 to help grow their Rumney, New Hampshire business.

SBA Loan Borrower

COMPANY TYPE: SHIP BUILDING AND REPAIRING
RUMNEY, NH 03266

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

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

336611 - Ship Building and Repairing

Loan Approval Date

1/7/2008

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 $15,000 loan. Remember, fight for what you want, and it will be yours!

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:

Getting a Small Business Loan

SBA 7A Lenders in Berlin, New Hampshire

New Hampshire SBA Bank Lenders