Loans for Turbine and Turbine Generator Set Units Manufacturing

With these loans for turbine and turbine generator set units manufacturing, the SBA guarantees the lender that the loan will be repaid. This turbine and turbine generator set units manufacturing loan for $1,827,300 was given to a Connecticut entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Barkhamsted, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was 1st National Bank - Litchfield, based in Litchfield, Connecticut.

SBA Loan Borrower

COMPANY TYPE: TURBINE AND TURBINE GENERATOR SET UNITS MANUFACTURING
BARKHAMSTED, CT 06098

SBA Loan Lender

1ST NATIONAL BANK - LITCHFIELD
13 NORTH ST
LITCHFIELD, CT 06759

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333611 - Turbine and Turbine Generator Set Units Manufacturing

Loan Approval Date

5/5/2006

Loan Approval Gross Amount

$1,827,300

Loan Approval from the SBA

Of the total $1,827,300 loan amount, the SBA guaranteed $1,370,475.

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 51 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st National Bank - Litchfield had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st National Bank - Litchfield made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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