Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Connecticut Bank SBA Loans

 

 
Loan Census SBA Loan Info

Webster Bank SBA Loan to Eating Places Company

Looking to get a Connecticut SBA 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 Hartford, Connecticut, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Webster Bank, based in New Haven, Connecticut.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HARTFORD, CT 06117

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

7/25/2000

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $97,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Hartford or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Equity Financing

Who Lends Money to Small Businesses in New Haven, Connecticut

SBA Connecticut Lenders