Loan Census Banking News and Information
May 11, 2024  
 
 
  Business Loan Information  
 

Banks in Manchester, New Hampshire That Make SBA Loans

 

 
Loan Census SBA Loan Info

Manchester, New Hampshire Lender Lends Money to Marketing Consulting Services Company

Want to talk with a Manchester, New Hampshire bank about a small business loan? Here's one New Hampshire business loan, issued by a Manchester bank, that was approved by the SBA.

Applying for an SBA loan with Rbs Citizens worked out well for our friends at one local company in Derry (census Name For Derry C, New Hampshire. They received an SBA loan for $50,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: MARKETING CONSULTING SERVICES
DERRY (CENSUS NAME FOR DERRY C, NH 03038

SBA Loan Lender

RBS CITIZENS
875 ELM ST
MANCHESTER, NH 03101

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541613 - Marketing Consulting Services

Loan Approval Date

12/7/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Rbs Citizens and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Manchester, New Hampshire

SBA Participating Banks in New Hampshire