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May 15, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Laconia, Business Loans > Laconia Savings Bank Laconia Business Loans > Engineering Services Loan | ||||
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Getting a Small Business Loan in Tilton, New Hampshire
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Tilton, New Hampshire Entrepreneur Gets a Bank LoanSearching for a New Hampshire business loan? This New Hampshire entrepreneur got a business loan, provided by a New Hampshire bank that works with the SBA to help small business owners. Getting a small business loan in Tilton, New Hampshire was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Laconia Savings Bank. Here are the details on this New Hampshire small business loan. SBA Loan Borrower COMPANY TYPE: ENGINEERING SERVICES SBA Loan Lender LACONIA SAVINGS BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 541330 - Engineering Services Loan Approval Date 2/8/2007 Loan Approval Gross Amount $144,000 Loan Approval from the SBA Of the total $144,000 loan amount, the SBA guaranteed $72,000. 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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Laconia Savings Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Borrowing Money from Friends and Family SBA 7A Lenders in Laconia, New Hampshire
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