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April 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Newtown, Business Loans > Newtown Savings Bank Newtown Business Loans > School And Employee Bus Transportation Loan | ||||
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Newtown Savings Bank Newtown
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Newtown, Connecticut Business Gets SBA-Guaranteed Funding from Newtown Savings BankNewtown Savings Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Connecticut entrepreneur who tapped into the power of SBA loans. This growing company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Newtown Savings Bank, out of Newtown, Connecticut. The loan was granted and they received $70,900 to help grow their Newtown, Connecticut business. SBA Loan Borrower COMPANY TYPE: SCHOOL AND EMPLOYEE BUS TRANSPORTATION SBA Loan Lender NEWTOWN SAVINGS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 485410 - School and Employee Bus Transportation Loan Approval Date 5/10/2007 Loan Approval Gross Amount $70,900 Loan Approval from the SBA Of the total $70,900 loan amount, the SBA guaranteed $35,450. 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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: Find an SBA Lender in Newtown, Connecticut
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