Business Loan from Webster Bank Given to Lawn And Garden Tractor And Home Lawn And Garden Equipment Manufacturing Company
Webster Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Connecticut entrepreneur who tapped into the power of SBA loans.
This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Webster Bank, out of New Milford, Connecticut. The loan was granted and they received $288,000 to help grow their New Fairfield, Connecticut business.
SBA Loan Borrower
COMPANY TYPE: LAWN AND GARDEN TRACTOR AND HOME LAWN AND GARDEN EQUIPMENT MANUFACTURING
NEW FAIRFIELD, CT 06812
SBA Loan Lender
WEBSTER BANK
19 MAIN ST
NEW MILFORD, CT 06776
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
333112 - Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing
Loan Approval Date
6/29/2001
Loan Approval Gross Amount
$288,000
Loan Approval from the SBA
Of the total $288,000 loan amount, the SBA guaranteed $216,000.
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 60 employees. The loan application indicated that the loan would help retain 6 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Webster Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Obtaining Funding - How to Borrow Money
Where to Get an SBA Loan in New Milford, Connecticut
Connecticut SBA Banks