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April 24, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Willimantic, Business Loans > Savings Inst. Bank & Trust Willimantic Business Loans > Grocery Stores Loan | ||||
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Banks Doing SBA Loans in Connecticut
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Willimantic, Connecticut Bank Lends Money to Grocery Stores Company in Enfield, ConnecticutWant to talk with a Willimantic, Connecticut bank about a business loan? Here's one Connecticut business loan, issued by a Willimantic bank, that was approved by the SBA. Applying for an SBA loan with Savings Inst. Bank & Trust worked out well for our friends at one local firm in Enfield, Connecticut. The business was able to get an SBA loan for $110,000. Sweet! SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender SAVINGS INST. BANK & TRUST 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. SIC Code 5411 - Grocery Stores Loan Approval Date 4/21/2000 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $82,500. 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 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Enfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Willimantic, Connecticut Getting a Business Loan in Connecticut
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