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April 19, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Danbury, Business Loans > Savings Bank Of Danbury Danbury Business Loans > Rubber And Plastics Hoses And Belting Manufacturing Loan | ||||
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Savings Bank Of Danbury SBA Loan Watertown, Connecticut
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Savings Bank Of Danbury SBA Loan to Rubber And Plastics Hoses And Belting Manufacturing CompanyAn SBA loan from Savings Bank Of Danbury typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Watertown, Connecticut business owner got a $150,000 loan. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Savings Bank Of Danbury, out of Danbury, Connecticut. The loan was granted and they received $150,000 to help grow their Watertown, Connecticut business. SBA Loan Borrower COMPANY TYPE: RUBBER AND PLASTICS HOSES AND BELTING MANUFACTURING SBA Loan Lender SAVINGS BANK OF DANBURY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 326220 - Rubber and Plastics Hoses and Belting Manufacturing Loan Approval Date 1/13/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 45 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 50 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Savings Bank Of Danbury are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: Determining Proper Capital Structure for a Business Small Bank Loans in Danbury, Connecticut Getting an SBA Loan in Connecticut
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