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March 29, 2024  
 
 
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Advice for Small Business Owners On Getting a Loan

 

 
Loan Census SBA Loan Info

Hobby, Toy, and Game Stores SBA Loans

Looking for SBA loans for hobby, toy, and game stores? Try the SBA. This $150,000 hobby, toy, and game stores loan was issued by a Connecticut bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Webster Bank, out of New Milford, Connecticut. The loan was granted and they received $150,000 to help grow their New Milford (census Name For N, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
NEW MILFORD (CENSUS NAME FOR N, CT 06776

SBA Loan Lender

WEBSTER BANK
19 MAIN ST
NEW MILFORD, CT 06776

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

11/12/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Dealing With Venture Capitalists

Small Bank Loans in New Milford, Connecticut

SBA Participating Banks in Connecticut