Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Connecticut Bank SBA Loans

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Windsor, Connecticut Bank to Get an SBA Loan

Want to talk with a Windsor, Connecticut bank about an SBA loan? Here's one Pennsylvania business loan, issued by a Windsor bank, that was approved by the SBA.

Applying for an SBA loan with Ups Capital Business Credit worked out well for our friends at one local firm in Latrobe, Pennsylvania. They received an SBA loan for $470,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: HEATING EQUIPMENT
LATROBE, PA 15650

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3433 - Heating Equipment

NAICS Code

333414 - Heating Equipment Manufacturing

Loan Approval Date

2/1/2000

Loan Approval Gross Amount

$470,000

Loan Approval from the SBA

Of the total $470,000 loan amount, the SBA guaranteed $352,500.

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 11 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ups Capital Business Credit that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Role of Business Plan When Raising Money

Best Windsor, Connecticut Banks for Small Business

Connecticut SBA Banks