Connecticut Bank Loan Issued to Health Practitioners Company

Would a Connecticut small business loan help your small business to grow and prosper? If so, you may want to talk with this New York bank, which offers SBA loans to Connecticut entrepreneurs.

Getting a small business loan in Trumbull, Connecticut was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Citibank. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: HEALTH PRACTITIONERS
TRUMBULL, CT 06611

SBA Loan Lender

CITIBANK
ONE EAB PLZ, S/S OF HEMPSTEAD
UNIONDALE, NY 11553

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621399 - Health Practitioners

Loan Approval Date

7/22/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Trumbull or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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