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April 18, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Enfield, Business Loans > Enfield Fed. S & L Association Enfield Business Loans > Services Loan | ||||
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Tips for Businesses On Getting a Loan
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Getting an SBA Loan for Car WashesWith these business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $60,000 was given to a Connecticut entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Windsor Locks, Connecticut was able to borrow $60,000 from Enfield Fed. S & L Association. The SBA made the loan possible by guaranteeing $48,000 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender ENFIELD FED. S & L ASSOCIATION This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services NAICS Code 811192 - Car Washes Loan Approval Date 10/19/2000 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $48,000. 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 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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 Decide How Much to Raise Best Banks for Small Business in Enfield, Connecticut SBA Participating Banks in Connecticut
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