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May 9, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Wakefield, Business Loans > Massachusetts Business Wakefield Business Loans > Bare Printed Circuit Board Manufacturing Loan | ||||
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Best Banks That Lend to Hollis Businesses
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Growing Company Gets a New Hampshire Business LoanBank loans in New Hampshire are hard to find these days. We take a look at one New Hampshire bank loan, provided by a Massachusetts bank, that was approved by the SBA. By giving the right information to Massachusetts Business, this Hollis, New Hampshire business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: BARE PRINTED CIRCUIT BOARD MANUFACTURING SBA Loan Lender MASSACHUSETTS BUSINESS As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334412 - Bare Printed Circuit Board Manufacturing Loan Approval Date 9/26/2006 Loan Approval Gross Amount $1,300,000 Loan Approval from the SBA Of the total $1,300,000 loan amount, the SBA guaranteed $975,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 82 employees. The SBA loan application for the borrower indicated that the loan would help retain 82 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Massachusetts Business are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Wakefield, Massachusetts Banks for Small Business
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