Salem, NH Entrepreneur Gets SBA Loan to Buy The Alternative Board/t.A.B. Franchise

Need a loan to purchase a Alternative Board/t.A.B. franchise? Riverbank has a history of making these loans and they are guaranteed by the SBA.

The Alternative Board/t.A.B. franchise loans are available to Salem, New Hampshire entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Riverbank, based in North Andover, Massachusetts, issued an SBA franchise loan for a The Alternative Board/t.A.B. franchise in 2005. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

TIMOTHY R HICKEY
SALEM, NH 03079

SBA Loan Lender

RIVERBANK
30 MASSACHUSETTS AVE
NORTH ANDOVER, MA 01845

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541611 - Administrative Management and General Management Consulting Services

Loan Approval Date

11/25/2005

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 a new business. This loan was used to buy a The Alternative Board/t.A.B. franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Salem NH, you ought to talk with a local Salem SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salem businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Riverbank and they will explain how you can get an SBA loan for your company.

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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