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May 12, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Berlin, Business Loans > Northway Bank Berlin Business Loans > Machine Shops Loan | ||||
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Business Loan from Northway Bank
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Northway Bank SBA Loan to Machine Shops CompanyAn SBA loan from Northway Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bristol, New Hampshire business owner got a $15,000 loan. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Northway Bank, out of Berlin, New Hampshire. The loan was granted and they received $15,000 to help grow their Bristol, New Hampshire business. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender NORTHWAY BANK This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 332710 - Machine Shops Loan Approval Date 7/10/2006 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $15,000. How would you spend $15,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Berlin, New Hampshire
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