Meredith Village Savings Bank
At a Glance
A mutual the SBA's own awards crowned for volume, whose pages give the program one bullet and name buying a business only for practices; a New Hampshire buyer's second desk by count, on the SBA's word more than the bank's.
- Pricing
- Custom Pricing, Loan products. No size, rate or fee is published for the SBA loan. Its own small-loan product runs from $10,000 to $100,000 with a fixed rate on the term loan, and its practice lending offers up to one hundred percent financing with ten-year equipment terms. Its news restates the program's ceiling.
- Best For
- A buyer of a practice or a small business in New Hampshire who wants the state's second 7(a) desk by count, and will meet a lender rather than fill in a form.
- Roadmap Stages
- 5. Diligence & Close the Deal
Pros and Cons
Pros
- The SBA named it a lender of the year for its 7(a) count and a leading rural lender the next year, by its own awards and news pages
- Its practice lending page names the purchase of a practice first and a partner buy-in or buy-out second, with up to one hundred percent financing
- Twelve on its business team with a title and an office phone each, and a promise to come to the borrower
- An online application with a decision in minutes for its own small-loan product
Cons
- States no program status: no page calls it a Preferred Lender or names Express or a 504 partner
- The SBA is one bullet of four on its lending page, and buying a business is named only for medical and professional practices
- No size, rate or fee for the SBA loan, and the online application is for its own small-loan product only
- Its team page and its news give three people three different titles
What Searchers Say
Read on its lending page, its small-loan and practice lending pages, its childcare lending page, its business team, checklist, locations, history, leadership, awards, apply, contact and news pages and two news posts. No searcher-forum discussion of the desk was found.