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April 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Essex, Business Loans > Essex Savings Bank Essex Business Loans > Convenience Stores Loan | ||||
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How to Get a Business Loan in East Haddam, Connecticut
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Essex Savings Bank Gives Small Business Loan to Convenience Stores CompanyWant a Connecticut bank loan? This Connecticut entrepreneur got a bank loan, provided by a Connecticut bank that works with the SBA to help small business owners. Getting a small business loan in East Haddam, Connecticut was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Essex Savings Bank. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender ESSEX SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 11/26/2004 Loan Approval Gross Amount $112,500 Loan Approval from the SBA Of the total $112,500 loan amount, the SBA guaranteed $95,625. 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 4 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $112,500. How would you spend $112,500 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: Raising VC Money for Social Networking Companies SBA Approved Banks in Essex, Connecticut
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