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May 10, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Portsmouth, Business Loans > Ocean Bank Portsmouth Business Loans > Services Allied To Motion Picture Production Loan | ||||
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New Hampshire Bank SBA Loans
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Ocean Bank SBA Loan to Services Allied To Motion Picture Production CompanySearching for a Maine SBA loan? Here's one Maine business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Biddeford, Maine, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Ocean Bank, based in Portsmouth, New Hampshire. SBA Loan Borrower COMPANY TYPE: SERVICES ALLIED TO MOTION PICTURE PRODUCTION SBA Loan Lender OCEAN 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 7819 - Services Allied to Motion Picture Production Loan Approval Date 5/2/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 24 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, 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: SBA 7A Banks in Portsmouth, New Hampshire Where to Get an SBA Loan New Hampshire
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