Loan Census Banking News and Information
March 28, 2024  
 
 
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Berlin Lenders

 

 
Loan Census SBA Loan Info

Berlin, New Hampshire Bank Lends Money to Motion Picture Theaters Company in Medford, Massachusetts

Want to talk with a Berlin, New Hampshire bank about an SBA loan? Here's one Massachusetts business loan, issued by a Berlin bank, that was approved by the SBA.

Applying for an SBA loan with Northway Bank worked out well for our friends at one local company in Medford, Massachusetts. They got an SBA loan for $296,000. Great job!

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE THEATERS
MEDFORD, MA 02155

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

512131 - Motion Picture Theaters

Loan Approval Date

3/26/2007

Loan Approval Gross Amount

$296,000

Loan Approval from the SBA

Of the total $296,000 loan amount, the SBA guaranteed $222,000.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

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Who Lends Money to Small Businesses in Berlin, New Hampshire

New Hampshire SBA 7A Lenders