Loans for Sporting Goods Stores

Looking for loans for sporting goods stores? Try the SBA. This $1,190,000 sporting goods stores loan was issued by an Ohio bank.

Getting a small business loan in Concord, New Hampshire was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Keybank National Association, operating out of Brooklyn, Ohio. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
CONCORD, NH 03301

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
4900 TIEDMAN RD
BROOKLYN, OH 44144

When it made this small business loan, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program aims to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

2/28/2007

Loan Approval Gross Amount

$1,190,000

Loan Approval from the SBA

Of the total $1,190,000 loan amount, the SBA guaranteed $892,500.

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 18 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Keybank National Association 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:

Understanding Dilution

Small Business Banks in Brooklyn, Ohio

SBA Participating Banks in Ohio