Plastics Pipe and Pipe Fitting Manufacturing Loans

With these loans for plastics pipe and pipe fitting manufacturing, the SBA guarantees the lender that the loan will be repaid. This plastics pipe and pipe fitting manufacturing loan for $1,373,000 was given to a Connecticut entrepreneur in 2001.

Getting a small business loan in Cheshire, Connecticut was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Td Banknorth, operating out of Waterbury, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: PLASTICS PIPE AND PIPE FITTING MANUFACTURING
CHESHIRE, CT 06410

SBA Loan Lender

TD BANKNORTH
2 W MAIN ST
WATERBURY, CT 06702

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326122 - Plastics Pipe and Pipe Fitting Manufacturing

Loan Approval Date

9/28/2001

Loan Approval Gross Amount

$1,373,000

Loan Approval from the SBA

Of the total $1,373,000 loan amount, the SBA guaranteed $999,955.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

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 Td Banknorth 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.

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Small Bank Loans in Waterbury, Connecticut

SBA Participating Banks in Connecticut