Portsmouth, New Hampshire Bank Gives SBA Loan to Specialty Canning Company

Want to talk with a Portsmouth, New Hampshire bank about an SBA loan? Here's one New Hampshire business loan, issued by a Portsmouth bank, that was approved by the SBA.

Applying for an SBA loan with Ocean Bank worked out well for our friends at one local business in Rye, New Hampshire. They received an SBA loan for $100,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY CANNING
RYE, NH 03870

SBA Loan Lender

OCEAN BANK
325 STATE ST
PORTSMOUTH, NH 03801

This lender processed this SBA 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

311422 - Specialty Canning

Loan Approval Date

7/30/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours 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:

Small Business Credit Cards

Find an SBA Lender in Portsmouth, New Hampshire

Find an SBA Lender in New Hampshire