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April 23, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Bridgeport, Business Loans > People's United Bank Bridgeport Business Loans > Eating Places Loan | ||||
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Connecticut SBA 7A Lenders
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Bridgeport, Connecticut Bank Gives SBA Loan to Eating Places CompanyGet SBA loans from a Bridgeport, Connecticut bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. People's United Bank is a Bridgeport, Connecticut small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Connecticut company. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender PEOPLE'S UNITED BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/24/2002 Loan Approval Gross Amount $192,000 Loan Approval from the SBA Of the total $192,000 loan amount, the SBA guaranteed $144,000. 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 2 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like People's United Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 7A Banks for Bridgeport, Connecticut Loans
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