Loan Census Banking News and Information
May 17, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Tilton, New Hampshire and We Got One!

 

 
Loan Census SBA Loan Info

Residential Remodelers Loans

Looking for loans for residential remodelers? Talk to a banker who works with the SBA. This $50,000 residential remodelers loan was issued by a New Hampshire bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tilton, New Hampshire was able to borrow $50,000 from Northway Bank. The SBA made the loan possible by guaranteeing $25,000 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
TILTON, NH 03276

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

This SBA small business 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

236118 - Residential Remodelers

Loan Approval Date

10/10/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Northway 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:

Obtaining Funding From a Venture Capitalist

Banks in Berlin, New Hampshire

New Hampshire SBA 7A Banks