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May 19, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Littleton, Business Loans > Passumpsic Savings Bank Littleton Business Loans > Grocery Stores Loan | ||||
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Littleton Bank Loan
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Littleton, New Hampshire Bank Gives SBA Loan to Grocery Stores CompanyWant to talk with a Littleton, New Hampshire bank about a business loan? Here's one New Hampshire business loan, issued by a Littleton bank, that was approved by the SBA. Applying for an SBA loan with Passumpsic Savings Bank worked out well for our friends at one local company in Lyman, New Hampshire. They got an SBA loan for $80,000. Great job! SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender PASSUMPSIC SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores Loan Approval Date 2/18/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $64,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Role of Business Plan When Raising Money Banks in Littleton, New Hampshire Getting an SBA Loan in New Hampshire
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