Petrochemical Manufacturing Small Business Loans

With these small business loans for petrochemical manufacturing, the SBA guarantees the lender that the loan will be repaid. This petrochemical manufacturing loan for $150,000 was given to a Connecticut entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Branford, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Savings Bank Of Danbury, based in Danbury, Connecticut.

SBA Loan Borrower

COMPANY TYPE: CYCLIC ORGANIC CRUDES AND INTERMEDIATES
BRANFORD, CT 06405

SBA Loan Lender

SAVINGS BANK OF DANBURY
220 MAIN ST
DANBURY, CT 06810

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2865 - Cyclic Organic Crudes and Intermediates

NAICS Code

325110 - Petrochemical Manufacturing

Loan Approval Date

3/30/2001

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Who Lends Money to Small Businesses in Danbury, Connecticut

Connecticut SBA 7A Lenders