Pentucket Bank Gives Bank Loan to Limited-Service Restaurants Company

Searching for a New Hampshire bank loan? This New Hampshire entrepreneur got a bank loan, provided by a Massachusetts bank that works with the SBA to help small business owners.

Getting a small business loan in Salem, New Hampshire was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Pentucket Bank. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
SALEM, NH 03079

SBA Loan Lender

PENTUCKET BANK
1 MERRIMACK ST
HAVERHILL, MA 01830

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/23/2007

Loan Approval Gross Amount

$55,600

Loan Approval from the SBA

Of the total $55,600 loan amount, the SBA guaranteed $47,260.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

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