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April 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Simsbury, Business Loans > Simsbury Bank & Trust Inc. Simsbury Business Loans > Computer Facilities Management Services Loan | ||||
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Simsbury Bank & Trust Inc.
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Simsbury (census Name For Sims, Connecticut Business Gets SBA-Guaranteed Funding from Simsbury Bank & Trust Inc.Simsbury Bank & Trust Inc. and the SBA work together to get business loans for growing small businesses. Here's an example of how a Connecticut entrepreneur was able to get a loan to take a small business to the next level. This growing company knew how to go about getting a business bank loan. Based in Simsbury (census Name For Sims, Connecticut, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Simsbury Bank & Trust Inc., based in Simsbury, Connecticut. SBA Loan Borrower COMPANY TYPE: COMPUTER FACILITIES MANAGEMENT SERVICES SBA Loan Lender SIMSBURY BANK & TRUST INC. This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 541513 - Computer Facilities Management Services Loan Approval Date 3/4/2004 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, anyone can do it... so why not 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: Microlending as a Small Business Funding Source Best Simsbury, Connecticut Banks for Small Business Getting a Business Loan in Connecticut
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