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May 10, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Baked Goods Stores Loan | ||||
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SBA Lender Nashua
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SBA Loan from Bank Of America Helps Baked Goods Stores CompanyBank Of America has a track record as a leading provider of SBA loans. Find out how this New Hampshire entrepreneur received an SBA loan from them. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank Of America, out of Providence, Rhode Island. The loan was granted and they received $69,700 to help grow their Nashua, New Hampshire business. SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES SBA Loan Lender BANK OF AMERICA This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 445291 - Baked Goods Stores Loan Approval Date 10/9/2002 Loan Approval Gross Amount $69,700 Loan Approval from the SBA Of the total $69,700 loan amount, the SBA guaranteed $34,850. 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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs. Getting an SBA Loan For Your Business 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. We can help you find the best banks for small businesses in Nashua or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Raising VC Money for Social Networking Companies Best Banks for Small Business in Providence, Rhode Island Getting an SBA Loan in Rhode Island
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