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May 18, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Keene, Business Loans > Ocean Bank Keene Business Loans > Manufacturing Loan | ||||
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Ocean Bank Small Business Loans
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SBA Loan from Ocean Bank Helps Manufacturing CompanyOcean Bank has a track record as a leading provider of SBA loans. Find out how this New Hampshire entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wilton (census Name For Wilton, New Hampshire was able to borrow $40,000 from Ocean Bank. The SBA made the loan possible by guaranteeing $30,000 of this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender OCEAN BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 339999 - Manufacturing Loan Approval Date 12/3/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $30,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 16 existing jobs. 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Keene, New Hampshire
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