Entrepreneur Works With Walpole, New Hampshire Bank to Get an SBA Loan

Get to know Walpole, New Hampshire banks that specialize in SBA loans and know how to work with entrepreneurs. Savings Bank Of Walpole is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Swanzey, New Hampshire starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Savings Bank Of Walpole. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
SWANZEY, NH 03446

SBA Loan Lender

SAVINGS BANK OF WALPOLE
68 AMES PLZ LN
WALPOLE, NH 03608

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

442210 - Floor Covering Stores

Loan Approval Date

7/23/2007

Loan Approval Gross Amount

$47,200

Loan Approval from the SBA

Of the total $47,200 loan amount, the SBA guaranteed $23,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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