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December 22, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Plymouth, Business Loans > Northway Bank Plymouth Business Loans > Hotels And Motels Loan | ||||
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Northway Bank Small Business Waterville Valley
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Business Loan from Northway Bank Given to Hotels And Motels CompanyAn SBA loan from Northway Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Waterville Valley, New Hampshire business owner got a $733,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waterville Valley, New Hampshire was able to borrow $733,000 from Northway Bank. The SBA made the loan possible by guaranteeing $549,750 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender NORTHWAY BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 6/11/2002 Loan Approval Gross Amount $733,000 Loan Approval from the SBA Of the total $733,000 loan amount, the SBA guaranteed $549,750. 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 42 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $733,000. How would you spend $733,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Banks in Plymouth, New Hampshire Where to Get an SBA Loan New Hampshire
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