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May 2, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Waterbury, Business Loans > Webster Bank Waterbury Business Loans > Wine And Distilled Alcoholic Beverage Merchant Wholesalers Loan | ||||
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How to Get SBA Loans in Waterbury, Connecticut
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Commercial Loans for Wine and Distilled Alcoholic Beverage Merchant WholesalersLooking for commercial loans for wine and distilled alcoholic beverage merchant wholesalers? An SBA loan may be just what you've been looking for. This $75,000 wine and distilled alcoholic beverage merchant wholesalers loan was issued by a Connecticut bank. Getting a small business loan in Waterbury, Connecticut was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank, operating out of Waterbury, Connecticut. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: WINE AND DISTILLED ALCOHOLIC BEVERAGE MERCHANT WHOLESALERS SBA Loan Lender WEBSTER BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424820 - Wine and Distilled Alcoholic Beverage Merchant Wholesalers Loan Approval Date 12/7/2007 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $56,250. 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. The loan application indicated that the loan would help retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Webster Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Waterbury, Connecticut
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