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April 26, 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 > Dairy Products Stores Loan | ||||
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Connecticut SBA Lenders
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Simsbury, Connecticut Bank Lends Money to Dairy Products Stores Company in Simsbury, ConnecticutFind Simsbury, Connecticut banks that specialize in business loans and know how to work with entrepreneurs. Simsbury Bank & Trust Inc. is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Simsbury, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Simsbury Bank & Trust Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: DAIRY PRODUCTS STORES SBA Loan Lender SIMSBURY BANK & TRUST INC. This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5451 - Dairy Products Stores NAICS Code 445299 - Specialty Food Stores Loan Approval Date 8/7/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: SBA Banks in Simsbury, Connecticut
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