Dorchester, Massachusetts Bank Lends Money to Chemical And Allied Products Merchant Wholesalers Company in Nashua, New Hampshire

Thinking about meeting with a Dorchester, Massachusetts bank about a small business loan? Here's one New Hampshire business loan, issued by a Dorchester bank, that was approved by the SBA.

Applying for an SBA loan with Sovereign Bank worked out well for our friends at one local company in Nashua, New Hampshire. They got an SBA loan for $100,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS MERCHANT WHOLESALERS
NASHUA, NH 03060

SBA Loan Lender

SOVEREIGN BANK
2 MORRISEY BLVD
DORCHESTER, MA 02125

This lender processed this SBA small business loan 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

424690 - Chemical and Allied Products Merchant Wholesalers

Loan Approval Date

2/14/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 documents indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Nashua NH, you ought to talk with a local Nashua SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nashua businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Sovereign Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Small Business Loan

SBA 7A Banks in Dorchester, Massachusetts

Getting a Business Loan in Massachusetts