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November 15, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Lancaster, Business Loans > Passumpsic Savings Bank Lancaster Business Loans > Hotels And Motels Loan | ||||
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New Hampshire SBA Lenders
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Lancaster, New Hampshire Bank Gives SBA Loan to Hotels And Motels CompanyThinking about meeting with a Lancaster, New Hampshire bank about a business loan? Here's one New Hampshire business loan, issued by a Lancaster bank, that was approved by the SBA. Applying for an SBA loan with Passumpsic Savings Bank worked out well for our friends at one local firm in Twin Mountain, New Hampshire. They received an SBA loan for $255,200. Sweet! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender PASSUMPSIC SAVINGS BANK 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 business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 5/23/2000 Loan Approval Gross Amount $255,200 Loan Approval from the SBA Of the total $255,200 loan amount, the SBA guaranteed $191,400. 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 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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. Related Links: Small Business Banks in Lancaster, New Hampshire
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