Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

SBA Lender Stamford

 

 
Loan Census SBA Loan Info

Stamford, Connecticut Bank Gives SBA Loan to Women, Children, And Infants Clothing And Accessories Merchant Wholesaler Company

Get to know Stamford, Connecticut banks that specialize in business loans and know how to work with entrepreneurs. First County Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Stamford, Connecticut starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from First County Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: WOMEN, CHILDREN, AND INFANTS CLOTHING AND ACCESSORIES MERCHANT WHOLESALER
STAMFORD, CT 06907

SBA Loan Lender

FIRST COUNTY BANK
117 PROSPECT ST
STAMFORD, CT 06901

The lender provided this small business 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

424330 - Women, Children, and Infants Clothing and Accessories Merchant Wholesaler

Loan Approval Date

5/1/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

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 4 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Realistic Debt Financing Options

Best Stamford, Connecticut Banks for Small Business

SBA Participating Banks in Connecticut