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April 26, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Danbury, Business Loans > Union Savings Bank Danbury Business Loans > Personal Services Loan | ||||
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Connecticut Bank SBA Loans
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Union Savings Bank SBA Loan to Personal Services CompanyLooking to get a Connecticut small business loan? Here's one Connecticut business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Bethel, Connecticut, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Union Savings Bank, based in Danbury, Connecticut. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender UNION SAVINGS BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services Loan Approval Date 6/19/2000 Loan Approval Gross Amount $11,000 Loan Approval from the SBA Of the total $11,000 loan amount, the SBA guaranteed $8,800. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in Bethel CT, you ought to talk with a local Bethel SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bethel businesses. 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: Good Banks for Small Business in Danbury, Connecticut
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