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May 15, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Peterborough, Business Loans > Monadnock Community Bank Peterborough Business Loans > Motor Vehicle Dealers Loan | ||||
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What Does It Take to Get a Business Loan in Rindge, New Hampshire?
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Get an SBA Loan for Used Car DealersLooking for small business loans for used car dealers? The SBA may be the answer. This $225,000 used car dealers loan was issued by a New Hampshire bank. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Monadnock Community Bank, out of Peterborough, New Hampshire. The loan was granted and they received $225,000 to help grow their Rindge, New Hampshire business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE DEALERS SBA Loan Lender MONADNOCK COMMUNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5521 - Motor Vehicle Dealers NAICS Code 441120 - Used Car Dealers Loan Approval Date 8/28/2001 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 3 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Borrowing Money from Friends and Family Best Peterborough, New Hampshire Banks for Small Business
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