Loan Census Banking News and Information
April 24, 2024  
 
 
  Business Loan Information  
 

New Britain, Connecticut Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Commercial Loans for Direct Mail Advertising

Looking for commercial loans for direct mail advertising? Talk to a banker who works with the SBA. This $100,000 direct mail advertising loan was issued by a Connecticut bank.

Getting a small business loan in New Britain, Connecticut was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank, operating out of Waterbury, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: DIRECT MAIL ADVERTISING
New Britain, CT 06052

SBA Loan Lender

WEBSTER BANK
145 BANK ST
WATERBURY, CT 06702

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541860 - Direct Mail Advertising

Loan Approval Date

6/28/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 18 employees. This SBA loan request indicated that the loan would help retain 18 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in New Britain CT, you ought to talk with a local New Britain SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Britain businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 Participating Banks in Waterbury, Connecticut

Getting a Business Loan in Connecticut