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April 18, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Bristol, Business Loans > Farmington Savings Bank Bristol Business Loans > Accounting, Auditing, And Bookkeeping Services Loan | ||||
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Connecticut SBA 7A Lenders
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Bristol, Connecticut Lender Lends Money to Accounting, Auditing, And Bookkeeping Services CompanyWant to talk with a Bristol, Connecticut bank about a business loan? Here's one Connecticut business loan, issued by a Bristol bank, that was approved by the SBA. Applying for an SBA loan with Farmington Savings Bank worked out well for our friends at one local firm in Bristol, Connecticut. They got an SBA loan for $30,000. Awesome! SBA Loan Borrower COMPANY TYPE: ACCOUNTING, AUDITING, AND BOOKKEEPING SERVICES SBA Loan Lender FARMINGTON SAVINGS BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8721 - Accounting, Auditing, and Bookkeeping Services NAICS Code 541211 - Certified Public Accountants Loan Approval Date 12/28/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,000 loan. Remember, where there is a will, there is a way! 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: SBA Approved Banks in Bristol, Connecticut
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