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April 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Suffield, Business Loans > 1st National Bank - Suffield Suffield Business Loans > Welding And Soldering Equipment Manufacturing Loan | ||||
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SBA Lenders Connecticut
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Suffield, Connecticut Lender Lends Money to Welding And Soldering Equipment Manufacturing CompanyThinking about meeting with a Suffield, Connecticut bank about a business loan? Here's one Connecticut business loan, issued by a Suffield bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank - Suffield worked out well for our friends at one local business in East Granby, Connecticut. The business was able to get an SBA loan for $625,000. Sweet! SBA Loan Borrower COMPANY TYPE: WELDING AND SOLDERING EQUIPMENT MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK - SUFFIELD This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333992 - Welding and Soldering Equipment Manufacturing Loan Approval Date 11/21/2003 Loan Approval Gross Amount $625,000 Loan Approval from the SBA Of the total $625,000 loan amount, the SBA guaranteed $468,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $625,000. How would you spend $625,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Accountant's Role in Securing Financing Small Bank Loans in Suffield, Connecticut
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