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May 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Westerly, Business Loans > Washington Tr Co - Westerly Westerly Business Loans > Eating Places Loan | ||||
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Small Business Banks for Pawcatuck Small Business Owners
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Washington Tr Co - Westerly Gives Bank Loan to Eating Places CompanyLooking to get a Connecticut business loan? This Connecticut entrepreneur got a business loan, provided by a Rhode Island bank that works with the SBA to help small business owners. This company, based in Pawcatuck, Connecticut, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Washington Tr Co - Westerly. We've got the inside scoop on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender WASHINGTON TR CO - WESTERLY This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/6/2001 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 11 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Banks in Westerly, Rhode Island Getting an SBA Loan in Rhode Island
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