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April 18, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New Britain, Business Loans > Webster Bank New Britain Business Loans > Wood Household Furniture Loan | ||||
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New Britain Bank Loan
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Entrepreneur Works With New Britain, Connecticut Bank to Get an SBA LoanThinking about meeting with a New Britain, Connecticut bank about a business loan? Here's one Connecticut business loan, issued by a New Britain bank, that was approved by the SBA. Applying for an SBA loan with Webster Bank worked out well for our friends at one local firm in New Britain, Connecticut. The business was able to get an SBA loan for $38,000. Awesome! SBA Loan Borrower COMPANY TYPE: WOOD HOUSEHOLD FURNITURE SBA Loan Lender WEBSTER BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2511 - Wood Household Furniture Loan Approval Date 4/21/2000 Loan Approval Gross Amount $38,000 Loan Approval from the SBA Of the total $38,000 loan amount, the SBA guaranteed $30,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $38,000 loan. Remember, anyone can do it... so why not you? 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 New Britain, Connecticut Banks for Small Business Getting a Business Loan in Connecticut
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