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May 15, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Portsmouth, Business Loans > Ocean Bank Portsmouth Business Loans > Eating Places Loan | ||||
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Banks for Wells Harbor Small Businesses
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Ocean Bank Gives Bank Loan to Eating Places CompanyLooking to get a Maine SBA loan? This Maine entrepreneur got an SBA loan, provided by a New Hampshire bank that works with the SBA to help small business owners. This company, based in Wells Harbor, Maine, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Ocean Bank. We've got the inside scoop on this Maine small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender OCEAN BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/11/2005 Loan Approval Gross Amount $675,000 Loan Approval from the SBA Of the total $675,000 loan amount, the SBA guaranteed $506,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Where to Get an SBA Loan in Portsmouth, New Hampshire
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