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November 15, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Keene, Business Loans > Ocean Bank Keene Business Loans > Beauty Shops Loan | ||||
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SBA Lender Keene, New Hampshire
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Entrepreneur Works With Keene, New Hampshire Bank to Get an SBA LoanWant to talk with a Keene, New Hampshire bank about an SBA loan? Here's one New Hampshire business loan, issued by a Keene bank, that was approved by the SBA. Applying for an SBA loan with Ocean Bank worked out well for our friends at one local firm in Somersworth, New Hampshire. They got an SBA loan for $10,000. Nice! SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender OCEAN BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 3/17/2000 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Ocean Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks in Keene, New Hampshire Getting an SBA Loan in New Hampshire
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