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April 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Thomaston, Business Loans > Thomaston Savings Bank Thomaston Business Loans > General Freight Trucking, Local Loan | ||||
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SBA Lenders in Connecticut
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SBA Loan from Thomaston Savings Bank Helps General Freight Trucking, Local CompanyThomaston Savings Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Connecticut entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Torrington, Connecticut was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Thomaston Savings Bank, operating out of Thomaston, Connecticut. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender THOMASTON SAVINGS BANK This lender processed this business 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 484110 - General Freight Trucking, Local Loan Approval Date 11/14/2003 Loan Approval Gross Amount $33,300 Loan Approval from the SBA Of the total $33,300 loan amount, the SBA guaranteed $16,650. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Obtaining Funding - How to Borrow Money SBA Participating Banks in Thomaston, Connecticut
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