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April 23, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Danbury, Business Loans > Union Savings Bank Danbury Business Loans > Unsupported Plastics Packaging Film And Sheet Manufacturing Loan | ||||
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How to Get SBA Money in Newtown, Connecticut
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Local Business Gets a Connecticut Bank LoanConnecticutBusiness loans are available to Connecticut business owners through the SBA. In this case, a Connecticut bank provides the loan. You can learn something about getting a small business loan in Newtown, Connecticut by studying this loan to a local business, made back in 2005. Banks like Union Savings Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: UNSUPPORTED PLASTICS PACKAGING FILM AND SHEET MANUFACTURING SBA Loan Lender UNION 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 326112 - Unsupported Plastics Packaging Film and Sheet Manufacturing Loan Approval Date 4/22/2005 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help generate 2 new jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Union Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Union Savings Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks in Danbury, Connecticut Find an SBA Lender in Connecticut
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