Commercial real estate broker David Choate looks back on 35-year career
NH Business Review interviewed Choate at the International Marketplace, located at the Pease International Tradeport, where Choate helped negotiate many deals over the years.
’06 N.H. SBA loans add up to $127m
The Small Business Adminsitration backed 1,028 loans valued at a total of more than $127 million to New Hampshire businesses in the 2006 fiscal year that ended Sept. 30.
The number of SBA-backed loans was down 17 percent from the total of 1,232 loans backed for Granite State businesses in 2005. The total dollar amount of the 2005 loans was more than $159 million.
Specifically in 2006, under the agency’s 7(a) loan guaranty program, 901 loans valued at $80,162,000 were handed out. Under the 504 loan program, a total of 127 loans were made, valued at $46,989,000.
At the national level, the SBA set a record for both number of loans and dollars lent, the agency announcedTuesday.
The SBA backed a net 100,197 loans totaling $19.1 billion under the 7(a) and 504 loan programs — its two primary small business loan programs.
Both the number of loans and the dollar amount is a single-year record for the agency. The previous records were set last year, when SBA provided a net 94,554 loans worth $18.1 billion under the same two programs. – JEFF FEINGOLD
