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May 13, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Upholstered Household Furniture Manufacturing Loan | ||||
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Raising Money in Bridgeport, Connecticut With SBA Loans
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Financing for Upholstered Household Furniture ManufacturingWith these commercial loans for upholstered household furniture manufacturing, the SBA guarantees the lender that the loan will be repaid. This upholstered household furniture manufacturing loan for $15,000 was given to a Connecticut entrepreneur in 2004. Getting a small business loan in Bridgeport, Connecticut was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Providence, Rhode Island. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: UPHOLSTERED HOUSEHOLD FURNITURE MANUFACTURING SBA Loan Lender BANK OF AMERICA 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 337121 - Upholstered Household Furniture Manufacturing Loan Approval Date 12/23/2004 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. 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 7 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Bridgeport CT, you ought to talk with a local Bridgeport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bridgeport businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Providence, Rhode Island
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