SBA Loan from Passumpsic Savings Bank Helps Hotels And Motels Company

An SBA loan from Passumpsic Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Twin Mountain, New Hampshire business owner got a $203,000 loan.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Passumpsic Savings Bank, out of Lancaster, New Hampshire. The loan was granted and they received $203,000 to help grow their Twin Mountain, New Hampshire business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
TWIN MOUNTAIN, NH 03595

SBA Loan Lender

PASSUMPSIC SAVINGS BANK
117 MAIN ST
LANCASTER, NH 03584

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/9/2002

Loan Approval Gross Amount

$203,000

Loan Approval from the SBA

Of the total $203,000 loan amount, the SBA guaranteed $152,250.

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 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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