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April 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New Haven, Business Loans > Bank - Southern Connecticut New Haven Business Loans > Lawyers Loan | ||||
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Small Business Banks in Connecticut
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Getting an SBA Loan for LawyersWith these commercial loans for lawyers, the SBA guarantees the lender that the loan will be repaid. This lawyers loan for $250,000 was given to a Connecticut entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Middletown, Connecticut was able to borrow $250,000 from Bank - Southern Connecticut. The SBA made the loan possible by guaranteeing $125,000 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender BANK - SOUTHERN CONNECTICUT This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 541110 - Lawyers Loan Approval Date 11/18/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help create 6 new jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank - Southern Connecticut 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: SBA Approved Banks in New Haven, Connecticut
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