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May 18, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Meredith, Business Loans > Meredith Village Savings Bank Meredith Business Loans > Full-Service Restaurants Loan | ||||
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New Hampton, New Hampshire Bank Loan
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New Hampton, New Hampshire Entrepreneur Gets a Business LoanNew HampshireBank loans are available to New Hampshire firms through the SBA. In this case, a New Hampshire bank provides the loan. By giving the right information to Meredith Village Savings Bank, this New Hampton, 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: FULL-SERVICE RESTAURANTS SBA Loan Lender MEREDITH VILLAGE SAVINGS BANK This bank loan 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 722110 - Full-Service Restaurants Loan Approval Date 4/29/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 5 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Meredith Village Savings Bank 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: Realistic Debt Financing Options Where to Get an SBA Loan in Meredith, New Hampshire Find an SBA Lender in New Hampshire
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