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May 2, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New London, Business Loans > Rbs Citizens New London Business Loans > General Freight Trucking, Local Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Business Loans for General Freight Trucking, LocalWith these business loans for general freight trucking, local, the SBA guarantees the lender that the loan will be repaid. This general freight trucking, local loan for $20,000 was given to a Connecticut entrepreneur in 2001. Getting a small business loan in Cheshire, Connecticut was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Rbs Citizens, operating out of New London, Connecticut. Here are the details on this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender RBS CITIZENS 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 484110 - General Freight Trucking, Local Loan Approval Date 8/23/2001 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. 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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan If you want money for new small business in Cheshire CT, you ought to talk with a local Cheshire SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cheshire businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $20,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks in New London, Connecticut
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