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November 14, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Kennebunk, Business Loans > Rivergreen Bank Kennebunk Business Loans > Clothing Stores Loan | ||||
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Rivergreen Bank Small Business
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Rivergreen Bank SBA Loan to Clothing Stores CompanyAn SBA loan from Rivergreen Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Salem, New Hampshire business owner got a $35,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Salem, New Hampshire was able to borrow $35,000 from Rivergreen Bank. The SBA made the loan possible by guaranteeing $17,500 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender RIVERGREEN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 448190 - Clothing Stores Loan Approval Date 4/24/2007 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Rivergreen Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Banks for Kennebunk, Maine Loans
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